WESPAC Advisors LLC Makes New Investment in Newell Brands Inc. (NASDAQ:NWL)

WESPAC Advisors LLC acquired a new stake in Newell Brands Inc. (NASDAQ:NWL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 87,131 shares of the company’s stock, valued at approximately $868,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc boosted its holdings in shares of Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after acquiring an additional 1,666 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Newell Brands in the third quarter valued at approximately $70,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Newell Brands in the fourth quarter valued at approximately $101,000. Claro Advisors LLC acquired a new position in shares of Newell Brands in the third quarter valued at approximately $79,000. Finally, Optas LLC purchased a new stake in Newell Brands in the third quarter valued at approximately $85,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Performance

Shares of Newell Brands stock opened at $6.80 on Friday. The firm has a market capitalization of $2.83 billion, a PE ratio of -13.08, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. 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’s fifty day moving average price is $9.41 and its two-hundred day moving average price is $8.63. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.78.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $0.22 EPS. On average, analysts expect 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 will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 4.12%. Newell Brands’s dividend payout ratio is presently -53.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NWL shares. Wells Fargo & Company dropped their price objective on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and increased their price objective for the company from $10.00 to $17.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. increased their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Citigroup reduced 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. Finally, Canaccord Genuity Group cut their price objective on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.81.

Insider Buying and Selling

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.58% of the stock is owned by corporate insiders.

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.