Sei Investments Co. Sells 121,934 Shares of Newell Brands Inc. (NASDAQ:NWL)

Sei Investments Co. decreased its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 29.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,791 shares of the company's stock after selling 121,934 shares during the period. Sei Investments Co. owned 0.07% of Newell Brands worth $2,956,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Newell Brands by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company's stock worth $39,761,000 after acquiring an additional 178,028 shares during the period. Amundi grew its position in Newell Brands by 194.4% during the 4th quarter. Amundi now owns 215,597 shares of the company's stock worth $2,121,000 after acquiring an additional 142,361 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Newell Brands in the fourth quarter valued at $9,877,000. Empowered Funds LLC raised its stake in shares of Newell Brands by 751.9% in the fourth quarter. Empowered Funds LLC now owns 100,251 shares of the company's stock worth $999,000 after acquiring an additional 88,483 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in Newell Brands during the 4th quarter worth $762,000. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Down 3.8 %

Shares of NASDAQ:NWL traded down $0.20 during midday trading on Monday, hitting $4.93. 7,901,467 shares of the company's stock were exchanged, compared to its average volume of 6,403,124. The company has a market cap of $2.06 billion, a PE ratio of -9.53, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. Newell Brands Inc. has a 12 month low of $4.67 and a 12 month high of $11.78. The stock has a 50 day moving average price of $7.21 and a 200-day moving average price of $8.46.

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Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the business earned $0.22 earnings per share. On average, sell-side analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company 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. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.69%. Newell Brands's dividend payout ratio (DPR) is currently -53.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NWL shares. Truist Financial upgraded Newell Brands from a "hold" rating to a "buy" rating and upped their price objective for the company from $10.00 to $17.00 in a report on Monday, December 9th. Royal Bank of Canada lowered their price objective on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on Newell Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Wells Fargo & Company lowered their target price on shares of Newell Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Finally, Canaccord Genuity Group dropped their price objective 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $10.58.

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.