Financial Counselors Inc. Cuts Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Financial Counselors Inc. lessened its holdings in Newell Brands Inc. (NASDAQ:NWL) by 7.8% during the third quarter, Holdings Channel.com reports. The firm owned 28,710 shares of the company’s stock after selling 2,432 shares during the quarter. Financial Counselors Inc.’s holdings in Newell Brands were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NWL. Rothschild Investment LLC purchased a new stake in shares of Newell Brands in the second quarter valued at approximately $26,000. Gradient Investments LLC acquired a new stake in Newell Brands in the second quarter valued at $46,000. Quarry LP boosted its position in shares of Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after purchasing an additional 4,056 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Newell Brands during the 2nd quarter worth $58,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Newell Brands in the 3rd quarter valued at about $70,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Price Performance

Newell Brands stock opened at $9.59 on Monday. The stock has a market capitalization of $3.99 billion, a P/E ratio of -15.98, a P/E/G ratio of 0.89 and a beta of 0.89. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $9.72. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The firm’s 50-day moving average is $8.31 and its two-hundred day moving average is $7.58.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Equities analysts predict that Newell Brands Inc. will post 0.66 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 2.92%. Newell Brands’s payout ratio is currently -46.67%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NWL shares. Canaccord Genuity Group boosted their price objective on shares of Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. decreased their price target on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company raised their price objective on Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Citigroup downgraded Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Finally, Barclays upgraded Newell Brands from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $8.00 to $10.00 in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.10.

Insider Buying and Selling

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.58% of the stock is currently owned by company insiders.

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.