Moody National Bank Trust Division Has $350,000 Holdings in Newell Brands Inc. (NASDAQ:NWL)

Moody National Bank Trust Division increased its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 24.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,146 shares of the company’s stock after purchasing an additional 6,874 shares during the quarter. Moody National Bank Trust Division’s holdings in Newell Brands were worth $350,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Quarry LP boosted its position in Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after purchasing an additional 4,056 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Newell Brands during the third quarter worth $70,000. Atomi Financial Group Inc. acquired a new stake in Newell Brands in the third quarter valued at $79,000. Claro Advisors LLC acquired a new position in shares of Newell Brands during the 3rd quarter worth about $79,000. Finally, Versant Capital Management Inc raised its stake in Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after buying an additional 1,666 shares during the period. Institutional investors own 92.50% of the company’s stock.

Insiders Place Their Bets

In related news, insider Tracy L. Platt sold 23,343 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of the company’s stock in a transaction on 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. This trade represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

Newell Brands Price Performance

Newell Brands stock opened at $9.87 on Wednesday. The stock has a 50-day moving average price of $9.86 and a two-hundred day moving average price of $8.25. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $11.78. The company has a market capitalization of $4.11 billion, a PE ratio of -16.45, a P/E/G ratio of 1.02 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The firm 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 company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. Analysts expect that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.84%. The ex-dividend date was Friday, November 29th. Newell Brands’s dividend payout ratio is currently -46.67%.

Wall Street Analysts Forecast Growth

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

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.