Proficio Capital Partners LLC Buys Shares of 12,819 Newell Brands Inc. (NASDAQ:NWL)

Proficio Capital Partners LLC purchased a new position in shares of Newell Brands Inc. (NASDAQ:NWL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,819 shares of the company’s stock, valued at approximately $128,000.

A number of other hedge funds also recently made changes to their positions in NWL. Versant Capital Management Inc grew its holdings in Newell Brands by 24.8% during the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after acquiring an additional 1,666 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Newell Brands during the third quarter worth $70,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Newell Brands during the fourth quarter valued at approximately $101,000. Claro Advisors LLC acquired a new position in Newell Brands during the third quarter worth $79,000. Finally, Accurate Wealth Management LLC raised its position in shares of Newell Brands by 14.8% in the fourth quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock valued at $116,000 after purchasing an additional 1,531 shares during the period. Institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

Shares of NASDAQ NWL opened at $6.58 on Thursday. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.78. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of -12.65, a PEG ratio of 0.95 and a beta of 0.88. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The business has a 50-day moving average of $8.48 and a 200-day moving average of $8.57.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period in the previous year, the business earned $0.22 earnings per share. As a group, sell-side analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, February 28th. Newell Brands’s dividend payout ratio is currently -53.85%.

Wall Street Analysts Forecast Growth

NWL has been the subject of a number of research analyst reports. Citigroup cut their price target on Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a report on Monday, February 10th. Canaccord Genuity Group dropped their price target on Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, February 10th. Royal Bank of Canada lowered their target price on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Monday, February 10th. UBS Group lifted their price objective on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their target price on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.81.

Newell Brands 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.