Forza Wealth Management LLC Decreases Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Forza Wealth Management LLC cut its position in Newell Brands Inc. (NASDAQ:NWL) by 14.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,125 shares of the company’s stock after selling 2,200 shares during the quarter. Forza Wealth Management LLC’s holdings in Newell Brands were worth $131,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Newell Brands by 18.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock worth $127,629,000 after purchasing an additional 2,634,114 shares in the last quarter. Primecap Management Co. CA grew its stake in Newell Brands by 4.8% in the 3rd quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company’s stock valued at $113,073,000 after buying an additional 674,015 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Newell Brands by 29.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after acquiring an additional 2,668,384 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in shares of Newell Brands by 1.4% in the second quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company’s stock worth $65,558,000 after acquiring an additional 137,441 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Newell Brands by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company’s stock valued at $50,973,000 after purchasing an additional 115,459 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Insider Buying and Selling at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now directly owns 230,254 shares in the company, valued at $2,063,075.84. The trade was a 7.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Canaccord Genuity Group increased their price objective on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and upped their target price for the stock from $10.00 to $17.00 in a research note on Monday, December 9th. Barclays raised Newell Brands from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their target price on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Finally, Wells Fargo & Company raised their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.20.

Newell Brands Trading Down 0.6 %

NASDAQ NWL traded down $0.06 during trading on Monday, hitting $9.70. 3,258,420 shares of the company’s stock traded hands, compared to its average volume of 4,364,039. The firm has a market cap of $4.04 billion, a P/E ratio of -16.17, a PEG ratio of 1.02 and a beta of 0.89. The stock has a fifty day moving average of $9.82 and a two-hundred day moving average of $8.20. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $11.78.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company earned $0.39 EPS. Newell Brands’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, sell-side analysts expect that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

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.