Gladstone Institutional Advisory LLC Has $1.78 Million Stake in Newell Brands Inc. (NASDAQ:NWL)

Gladstone Institutional Advisory LLC lowered its position in Newell Brands Inc. (NASDAQ:NWL) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,839 shares of the company’s stock after selling 14,710 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Newell Brands were worth $1,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC acquired a new stake in Newell Brands in the 3rd quarter valued at about $70,000. Claro Advisors LLC bought a new stake in Newell Brands in the third quarter valued at approximately $79,000. Versant Capital Management Inc boosted its stake in shares of Newell Brands by 24.8% during the 4th 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. Optas LLC bought a new position in shares of Newell Brands during the 3rd quarter worth approximately $85,000. Finally, Glenmede Trust Co. NA acquired a new position in shares of Newell Brands during the 3rd quarter worth approximately $92,000. Institutional investors own 92.50% of the company’s stock.

Analysts Set New Price Targets

NWL has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and raised their target price for the stock from $10.00 to $17.00 in a research note on Monday, December 9th. Citigroup decreased their price target 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. Canaccord Genuity Group lowered their price target on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday. Finally, Barclays boosted their price objective on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.81.

Newell Brands Stock Performance

NASDAQ NWL opened at $7.09 on Thursday. The firm has a 50-day moving average price of $10.05 and a two-hundred day moving average price of $8.71. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $11.78. The company has a market capitalization of $2.95 billion, a P/E ratio of -11.82, a P/E/G ratio of 1.09 and a beta of 0.89. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. During the same period in the prior year, the business earned $0.22 earnings per share. Analysts anticipate that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Insider Activity

In other news, insider Tracy L. Platt sold 23,343 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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.