Freestone Capital Holdings LLC Trims Stake in Newell Brands Inc. (NASDAQ:NWL)

Freestone Capital Holdings LLC trimmed its position in Newell Brands Inc. (NASDAQ:NWL) by 28.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,005 shares of the company’s stock after selling 10,009 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Newell Brands were worth $249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC bought a new position in shares of Newell Brands during the third quarter valued at approximately $70,000. Claro Advisors LLC bought a new stake in Newell Brands during the 3rd quarter valued at $79,000. Smartleaf Asset Management LLC boosted its position in Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock valued at $79,000 after acquiring an additional 4,617 shares in the last quarter. Versant Capital Management Inc increased 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 valued at $83,000 after acquiring an additional 1,666 shares during the period. Finally, Glenmede Trust Co. NA bought a new position in shares of Newell Brands in the 3rd quarter worth $92,000. Institutional investors own 92.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NWL shares. Wells Fargo & Company dropped their price objective on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Citigroup lowered their price target on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a report on Monday, February 10th. 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. Barclays increased their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.81.

Newell Brands Stock Up 0.9 %

NASDAQ:NWL opened at $6.75 on Friday. The company’s 50 day moving average is $8.68 and its two-hundred day moving average is $8.58. The company has a market cap of $2.81 billion, a PE ratio of -12.98, a P/E/G ratio of 0.95 and a beta of 0.88. 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.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating 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 earned $0.22 EPS. Analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, February 28th. Newell Brands’s dividend payout ratio is presently -53.85%.

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.