Corient Private Wealth LLC Sells 5,683 Shares of Newell Brands Inc. (NASDAQ:NWL)

Corient Private Wealth LLC cut its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 17.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,508 shares of the company’s stock after selling 5,683 shares during the quarter. Corient Private Wealth LLC’s holdings in Newell Brands were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in shares of Newell Brands by 130.9% during the third quarter. Cerity Partners LLC now owns 91,723 shares of the company’s stock worth $704,000 after buying an additional 51,992 shares in the last quarter. FMR LLC increased its holdings in Newell Brands by 21.5% in the 3rd quarter. FMR LLC now owns 4,354,913 shares of the company’s stock worth $33,446,000 after purchasing an additional 770,717 shares in the last quarter. Bridgewater Associates LP bought a new position in Newell Brands in the third quarter valued at about $108,000. Glenmede Trust Co. NA acquired a new stake in shares of Newell Brands during the third quarter valued at about $92,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Newell Brands by 4.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 97,970 shares of the company’s stock worth $752,000 after purchasing an additional 4,555 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Down 3.0 %

Shares of NASDAQ:NWL opened at $6.20 on Tuesday. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $11.78. 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’s 50-day moving average is $7.58 and its 200-day moving average is $8.51. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of -11.92, a P/E/G ratio of 0.95 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm earned $0.22 EPS. Equities research analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands’s dividend payout ratio is presently -53.85%.

Wall Street Analyst Weigh In

Several research firms recently commented on NWL. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Barclays raised their price target on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Citigroup reduced their price objective on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research note 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 report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price target on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.81.

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.