Sage Rhino Capital LLC Decreases Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Sage Rhino Capital LLC lessened its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 16.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,483 shares of the company’s stock after selling 2,954 shares during the period. Sage Rhino Capital LLC’s holdings in Newell Brands were worth $134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of Newell Brands by 1.4% during the third quarter. Arizona State Retirement System now owns 112,012 shares of the company’s stock valued at $1,011,000 after buying an additional 1,508 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Newell Brands by 6.7% during the third quarter. Kestra Private Wealth Services LLC now owns 24,775 shares of the company’s stock valued at $224,000 after buying an additional 1,547 shares during the period. Kestra Advisory Services LLC increased its stake in shares of Newell Brands by 5.4% during the third quarter. Kestra Advisory Services LLC now owns 30,495 shares of the company’s stock valued at $275,000 after buying an additional 1,562 shares during the period. Xcel Wealth Management LLC boosted its position in Newell Brands by 8.6% during the fourth quarter. Xcel Wealth Management LLC now owns 21,370 shares of the company’s stock valued at $185,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Savant Capital LLC boosted its position in Newell Brands by 20.7% during the fourth quarter. Savant Capital LLC now owns 16,422 shares of the company’s stock valued at $143,000 after purchasing an additional 2,815 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analyst Upgrades and Downgrades

NWL has been the subject of several recent analyst reports. Wells Fargo & Company raised their price target on Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday. Canaccord Genuity Group raised their price target on Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday. Raymond James downgraded Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. UBS Group downgraded Newell Brands from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $8.50 in a report on Friday, February 16th. Finally, Royal Bank of Canada reduced their price objective on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.61.

Newell Brands Trading Down 2.8 %

Newell Brands stock traded down $0.22 during mid-day trading on Wednesday, hitting $7.72. The company’s stock had a trading volume of 414,210 shares, compared to its average volume of 5,045,007. The firm has a market capitalization of $3.21 billion, a PE ratio of -11.03, a price-to-earnings-growth ratio of 1.59 and a beta of 0.95. Newell Brands Inc. has a 1 year low of $6.49 and a 1 year high of $11.61. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. The stock’s fifty day moving average is $7.50 and its two-hundred day moving average is $7.76.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the business posted ($0.06) earnings per share. On average, analysts anticipate that Newell Brands Inc. will post 0.56 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands’s dividend payout ratio (DPR) is currently -38.89%.

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.