Advisory Services Network LLC Has $211,000 Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Advisory Services Network LLC boosted its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 16.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,163 shares of the company’s stock after buying an additional 3,020 shares during the quarter. Advisory Services Network LLC’s holdings in Newell Brands were worth $211,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in Newell Brands during the 4th quarter worth $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 grew its holdings in Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after buying an additional 1,666 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Newell Brands in the 4th quarter worth approximately $101,000. Finally, Parametrica Management Ltd acquired a new position in shares of Newell Brands during the fourth quarter worth approximately $107,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Trading Up 1.5 %

NWL opened at $4.70 on Friday. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78. The stock has a market capitalization of $1.96 billion, a PE ratio of -9.04, a PEG ratio of 0.95 and a beta of 0.84. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average price of $6.11 and a two-hundred day moving average price of $8.22.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.16 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 period last year, the business posted $0.22 EPS. As a group, equities analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio is -53.85%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup cut their target price on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada cut their price target on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on Newell Brands from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Wells Fargo & Company lowered their price target on Newell Brands from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Canaccord Genuity Group cut their price objective on Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.14.

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.