B. Riley Wealth Advisors Inc. Lowers Stake in Newell Brands Inc. (NASDAQ:NWL)

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 65.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,233 shares of the company’s stock after selling 21,580 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Newell Brands were worth $98,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quarry LP grew its holdings in Newell Brands by 106.2% during the 4th quarter. Quarry LP now owns 4,731 shares of the company’s stock worth $41,000 after acquiring an additional 2,437 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Newell Brands during the 4th quarter worth about $45,000. GAMMA Investing LLC bought a new stake in shares of Newell Brands during the 4th quarter worth about $61,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Newell Brands in the 4th quarter worth approximately $88,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Newell Brands in the 4th quarter worth approximately $91,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Up 2.1 %

NWL opened at $6.41 on Friday. The firm’s 50-day simple moving average is $7.48 and its 200-day simple moving average is $7.80. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 1.15. Newell Brands Inc. has a twelve month low of $6.21 and a twelve month high of $11.61. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of -8.90, a PEG ratio of 1.18 and a beta of 0.95.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the firm earned ($0.06) EPS. The company’s revenue was down 5.8% on a year-over-year basis. Equities research analysts anticipate that Newell Brands Inc. will post 0.6 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.28 dividend on an annualized basis and a yield of 4.37%. Newell Brands’s payout ratio is presently -38.89%.

Analyst Ratings Changes

A number of research firms recently commented on NWL. Citigroup boosted their target price on shares of Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Barclays raised shares of Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 target price on the stock in a research report on Tuesday, May 14th. Wells Fargo & Company lifted their target price on shares of Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, April 29th. Finally, Canaccord Genuity Group lifted their target price on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.70.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.