Investors Asset Management of Georgia Inc. GA ADV Decreases Stake in Newell Brands Inc. (NASDAQ:NWL)

Investors Asset Management of Georgia Inc. GA ADV lessened its holdings in Newell Brands Inc. (NASDAQ:NWL) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,977 shares of the company’s stock after selling 1,600 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Newell Brands were worth $498,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Venturi Wealth Management LLC purchased a new position in Newell Brands in the third quarter worth $70,000. Claro Advisors LLC bought a new stake in shares of Newell Brands during the 3rd quarter worth $79,000. Versant Capital Management Inc boosted its holdings in shares of Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after buying an additional 1,666 shares during the last quarter. Optas LLC bought a new position in Newell Brands during the third quarter valued at about $85,000. Finally, Glenmede Trust Co. NA purchased a new stake in Newell Brands during the third quarter worth about $92,000. 92.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NWL. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and boosted their target price for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Barclays increased their price objective on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Citigroup lowered their target price on Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada cut their price target on 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. Finally, UBS Group boosted their price objective on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Newell Brands currently has a consensus rating of “Hold” and an average target price of $10.81.

Newell Brands Stock Down 1.9 %

Shares of NWL opened at $6.80 on Friday. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.78. 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 business’s 50-day moving average price is $9.50 and its 200-day moving average price is $8.63.

Newell Brands (NASDAQ:NWL) last posted its earnings results 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 quarter last year, the firm posted $0.22 EPS. On average, analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.07 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 4.12%. Newell Brands’s payout ratio is currently -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.