Financial Counselors Inc. Has $249,000 Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Financial Counselors Inc. trimmed its position in Newell Brands Inc. (NASDAQ:NWL) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,005 shares of the company’s stock after selling 3,705 shares during the quarter. Financial Counselors Inc.’s holdings in Newell Brands were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NWL. Harvest Fund Management Co. Ltd bought a new stake in Newell Brands during the fourth quarter valued at about $46,000. Smartleaf Asset Management LLC lifted its position in shares of Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after purchasing an additional 4,617 shares during the last quarter. Versant Capital Management Inc lifted its position 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 purchasing an additional 1,666 shares during the last quarter. Glenmede Trust Co. NA bought a new stake in Newell Brands during the 3rd quarter valued at approximately $92,000. Finally, iSAM Funds UK Ltd bought a new position in Newell Brands in the 3rd quarter worth approximately $94,000. 92.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NWL has been the topic of several research analyst reports. Barclays raised their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. 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 report on Monday, February 10th. UBS Group upped their price objective 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. Canaccord Genuity Group decreased their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.81.

Newell Brands Price Performance

Newell Brands stock opened at $6.39 on Friday. The business has a 50 day simple moving average of $7.66 and a 200 day simple moving average of $8.51. 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 company has a market capitalization of $2.66 billion, a PE ratio of -12.29, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88. Newell Brands Inc. has a one year low of $5.39 and a one year high of $11.78.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm earned $0.22 earnings per share. On average, sell-side analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is currently -53.85%.

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.