Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. reduced its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 620,170 shares of the company's stock after selling 62,650 shares during the quarter. Prudential Financial Inc. owned about 0.15% of Newell Brands worth $6,177,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. PFG Investments LLC increased its stake in shares of Newell Brands by 6.6% during the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company's stock worth $157,000 after acquiring an additional 981 shares during the period. TriaGen Wealth Management LLC increased its position in Newell Brands by 1.7% during the 4th quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after purchasing an additional 991 shares during the period. Arizona State Retirement System raised its stake in shares of Newell Brands by 0.9% during the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock worth $1,202,000 after buying an additional 1,125 shares in the last quarter. Optas LLC lifted its holdings in shares of Newell Brands by 11.8% in the 4th quarter. Optas LLC now owns 12,397 shares of the company's stock valued at $123,000 after buying an additional 1,306 shares during the period. Finally, Accurate Wealth Management LLC boosted its stake in shares of Newell Brands by 14.8% in the fourth quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock valued at $116,000 after buying an additional 1,531 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company's stock.

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Analysts Set New Price Targets

NWL has been the subject of several research analyst reports. Canaccord Genuity Group cut their price objective on Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Wells Fargo & Company reduced their price objective on shares of Newell Brands from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday. Citigroup lowered their target price on shares of Newell Brands from $10.50 to $7.75 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Barclays lifted their price objective on Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Finally, Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and upped their target price for the company from $10.00 to $17.00 in a report on Monday, December 9th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.58.

Newell Brands Price Performance

Shares of NASDAQ NWL traded down $0.60 during trading on Thursday, reaching $5.67. The company had a trading volume of 5,092,171 shares, compared to its average volume of 6,311,327. 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 stock has a market capitalization of $2.36 billion, a PE ratio of -10.90, a price-to-earnings-growth 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 stock has a 50-day moving average price of $7.42 and a two-hundred day moving average price of $8.48.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) 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 period last year, the business posted $0.22 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands's dividend payout ratio is currently -53.85%.

Newell Brands 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.