Boyar Asset Management Inc. Sells 3,789 Shares of Newell Brands Inc. (NASDAQ:NWL)

Boyar Asset Management Inc. decreased its holdings in Newell Brands Inc. (NASDAQ:NWL) by 12.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,624 shares of the company’s stock after selling 3,789 shares during the period. Boyar Asset Management Inc.’s holdings in Newell Brands were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new position in shares of Newell Brands in the 4th quarter worth $46,000. Smartleaf Asset Management LLC raised its holdings in Newell Brands by 140.1% in the fourth 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 in the last quarter. Versant Capital Management Inc lifted its position in shares of Newell Brands by 24.8% during the fourth 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 purchased a new stake in shares of Newell Brands during the fourth quarter valued at about $101,000. Finally, Seeds Investor LLC bought a new stake in shares of Newell Brands in the 4th quarter valued at about $105,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NWL. Wells Fargo & Company decreased their target price on shares of Newell Brands from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Truist Financial decreased their price objective on Newell Brands from $17.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Royal Bank of Canada restated a “sector perform” rating and set a $9.00 target price on shares of Newell Brands in a research note on Monday. Canaccord Genuity Group decreased their price target on Newell Brands from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, UBS Group lowered their price target on Newell Brands from $8.00 to $5.50 and set a “neutral” rating for the company in a report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Newell Brands has a consensus rating of “Hold” and a consensus target price of $7.92.

Newell Brands Trading Up 1.2 %

Newell Brands stock opened at $5.17 on Wednesday. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The stock has a 50-day moving average price of $5.83 and a 200 day moving average price of $8.10. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -9.94, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same period last year, the company earned $0.22 EPS. Sell-side analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.42%. The ex-dividend date was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is -53.85%.

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.