Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in Newell Brands Inc. (NASDAQ:NWL) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,724 shares of the company’s stock after selling 11,269 shares during the period. Crossmark Global Holdings Inc.’s holdings in Newell Brands were worth $744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in 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 valued at $127,629,000 after buying an additional 2,634,114 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of 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 acquiring an additional 674,015 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Newell Brands during the 4th quarter worth about $72,431,000. Geode Capital Management LLC lifted its stake in Newell Brands by 1.8% during the third quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company’s stock worth $50,973,000 after purchasing an additional 115,459 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Newell Brands by 5,324.8% in the third quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock valued at $36,282,000 after purchasing an additional 4,637,180 shares in the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was 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 SEC, which is available at this link. Also, insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. The trade was a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

NWL has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. UBS Group boosted their price target on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their target price on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Barclays upped their target price on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Canaccord Genuity Group boosted their price objective on Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.70.

Newell Brands Stock Performance

NASDAQ:NWL opened at $10.66 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of -17.77, a price-to-earnings-growth ratio of 0.89 and a beta of 0.89. The firm’s fifty day moving average price is $10.05 and its 200 day moving average price is $8.44. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $11.78.

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

Newell Brands Dividend Announcement

The firm also recently announced 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 2.63%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is currently -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.