Thrivent Financial for Lutherans decreased its stake in shares of Newell Brands Inc (NYSE:NWL) by 95.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,993 shares of the company’s stock after selling 448,442 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Newell Brands were worth $353,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC raised its stake in Newell Brands by 67.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,545 shares of the company’s stock valued at $29,000 after buying an additional 624 shares during the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Newell Brands in the 4th quarter worth $31,000. JOYN Advisors Inc. increased its holdings in shares of Newell Brands by 232.3% in the 4th quarter. JOYN Advisors Inc. now owns 1,738 shares of the company’s stock worth $32,000 after purchasing an additional 1,215 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in shares of Newell Brands by 459.1% in the 4th quarter. FNY Investment Advisers LLC now owns 1,957 shares of the company’s stock worth $36,000 after purchasing an additional 1,607 shares in the last quarter. Finally, We Are One Seven LLC bought a new stake in shares of Newell Brands in the 4th quarter worth $49,000. Institutional investors and hedge funds own 98.42% of the company’s stock.
Shares of NWL opened at $15.18 on Wednesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. Newell Brands Inc has a one year low of $14.73 and a one year high of $28.38. The firm has a market capitalization of $6.43 billion, a P/E ratio of 5.52, a PEG ratio of 3.82 and a beta of 0.90.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, February 15th. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.30. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. Newell Brands’s revenue was down 6.0% compared to the same quarter last year. Equities research analysts predict that Newell Brands Inc will post 1.22 EPS for the current fiscal year.
A number of analysts have commented on the company. Zacks Investment Research lowered Newell Brands from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank of Canada reduced their target price on Newell Brands from $24.00 to $20.00 and set a “sector perform” rating for the company in a report on Tuesday, February 19th. Wells Fargo & Co reissued an “outperform” rating and issued a $21.00 target price (down previously from $36.00) on shares of Newell Brands in a report on Tuesday, February 19th. Citigroup set a $24.00 target price on Newell Brands and gave the stock a “buy” rating in a report on Wednesday, February 20th. Finally, Barclays set a $16.00 target price on Newell Brands and gave the stock a “hold” rating in a report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.80.
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Newell Brands Company Profile
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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