Villere ST Denis J & Co. LLC Has $4.87 Million Holdings in Newell Brands Inc. (NASDAQ:NWL)

Villere ST Denis J & Co. LLC trimmed its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 488,814 shares of the company's stock after selling 84,780 shares during the period. Villere ST Denis J & Co. LLC owned about 0.12% of Newell Brands worth $4,869,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NWL. Hennessy Advisors Inc. purchased a new stake in Newell Brands in the fourth quarter worth $72,431,000. Victory Capital Management Inc. grew its stake in shares of 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 worth $36,282,000 after acquiring an additional 4,637,180 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Newell Brands by 18.8% during 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 during the last quarter. FMR LLC boosted its position in shares of Newell Brands by 21.5% during the third quarter. FMR LLC now owns 4,354,913 shares of the company's stock valued at $33,446,000 after buying an additional 770,717 shares during the last quarter. Finally, Primecap Management Co. CA lifted its holdings in Newell Brands by 4.8% in the third 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 period. 92.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Tracy L. Platt sold 23,343 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.61% of the stock is owned by company insiders.

Newell Brands Price Performance

Shares of NWL stock traded up $0.06 during midday trading on Wednesday, reaching $6.93. 12,069,020 shares of the company traded hands, compared to its average volume of 7,682,119. The firm's 50 day simple moving average is $9.59 and its two-hundred day simple moving average is $8.64. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $11.78. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The firm has a market cap of $2.88 billion, a PE ratio of -13.33, a price-to-earnings-growth ratio of 0.99 and a beta of 0.89.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, equities research analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.07 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.04%. Newell Brands's dividend payout ratio (DPR) is presently -53.85%.

Analyst Ratings Changes

NWL has been the topic of several recent research reports. Royal Bank of Canada decreased their price objective on Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. raised their price target on Newell Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Wells Fargo & Company decreased their target price on Newell Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and boosted their price target for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Finally, Canaccord Genuity Group dropped their target price on Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.81.

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.