Cerity Partners LLC Decreases Holdings in Newell Brands Inc. (NASDAQ:NWL)

Cerity Partners LLC decreased its position in Newell Brands Inc. (NASDAQ:NWL) by 47.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 88,637 shares of the company’s stock after selling 80,512 shares during the period. Cerity Partners LLC’s holdings in Newell Brands were worth $769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NWL. State of Alaska Department of Revenue grew its holdings in shares of Newell Brands by 408.6% in the third quarter. State of Alaska Department of Revenue now owns 237,254 shares of the company’s stock worth $2,142,000 after purchasing an additional 190,606 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Newell Brands in the third quarter worth approximately $335,000. Avior Wealth Management LLC bought a new position in shares of Newell Brands in the third quarter worth approximately $25,000. Xcel Wealth Management LLC grew its holdings in shares of Newell Brands by 10.7% in the third quarter. Xcel Wealth Management LLC now owns 19,670 shares of the company’s stock worth $178,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Newell Brands in the third quarter worth approximately $134,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Performance

Shares of NWL stock opened at $6.94 on Tuesday. The company’s fifty day moving average price is $7.52 and its 200-day moving average price is $7.74. The company has a current ratio of 1.16, a quick ratio of 0.63 and a debt-to-equity ratio of 1.47. The stock has a market cap of $2.88 billion, a PE ratio of -7.31, a price-to-earnings-growth ratio of 1.36 and a beta of 0.95. Newell Brands Inc. has a 12 month low of $6.49 and a 12 month high of $12.32.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.98 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. Newell Brands’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. On average, equities analysts expect that Newell Brands Inc. will post 0.56 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands’s dividend payout ratio is presently -29.47%.

Analysts Set New Price Targets

Several analysts recently weighed in on NWL shares. Raymond James cut shares of Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Barclays lifted their price target on shares of Newell Brands from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Morgan Stanley cut their price target on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Finally, Citigroup cut their price target on shares of Newell Brands from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.13.

About Newell Brands

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.