Prairie Wealth Advisors Inc. Invests $367,000 in Newell Brands Inc. (NASDAQ:NWL)

Prairie Wealth Advisors Inc. bought a new stake in Newell Brands Inc. (NASDAQ:NWL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 36,879 shares of the company’s stock, valued at approximately $367,000.

A number of other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Newell Brands by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock worth $15,050,000 after acquiring an additional 82,337 shares during the period. Citigroup Inc. grew its holdings in Newell Brands by 7.7% in the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock valued at $9,476,000 after buying an additional 88,164 shares during the period. Versor Investments LP increased its stake in shares of Newell Brands by 135.6% during the 3rd quarter. Versor Investments LP now owns 98,700 shares of the company’s stock valued at $758,000 after acquiring an additional 56,800 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Newell Brands during the 4th quarter worth about $762,000. Finally, Wedmont Private Capital acquired a new stake in shares of Newell Brands in the fourth quarter worth approximately $565,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Price Performance

NWL opened at $9.69 on Friday. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.78. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. The company has a fifty day simple moving average of $10.20 and a 200 day simple moving average of $8.67.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is -46.67%.

Analyst Ratings Changes

Several equities analysts recently commented on NWL shares. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and upped their price target for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. increased their target price on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Wells Fargo & Company boosted their price target on Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Canaccord Genuity Group lifted their price objective on Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, UBS Group lifted their price target on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.70.

Insider Activity at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.

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.