New Age Alpha Advisors LLC purchased a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 60,019 shares of the company's stock, valued at approximately $372,000.
A number of other institutional investors have also recently bought and sold shares of NWL. Bank of Nova Scotia raised its holdings in shares of Newell Brands by 14.3% in the first quarter. Bank of Nova Scotia now owns 46,503 shares of the company's stock valued at $288,000 after purchasing an additional 5,833 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Newell Brands in the first quarter valued at approximately $757,000. AE Wealth Management LLC raised its holdings in shares of Newell Brands by 65.8% in the first quarter. AE Wealth Management LLC now owns 317,471 shares of the company's stock valued at $1,968,000 after purchasing an additional 125,944 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Newell Brands in the first quarter valued at approximately $260,000. Finally, Financial Sense Advisors Inc. acquired a new stake in shares of Newell Brands in the first quarter valued at approximately $10,187,000. Institutional investors own 92.50% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on NWL. UBS Group boosted their target price on shares of Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Wells Fargo & Company boosted their target price on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Wall Street Zen upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a report on Sunday, May 4th. Canaccord Genuity Group lowered their target price on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $9.00 target price on shares of Newell Brands in a report on Monday, April 28th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $7.44.
Check Out Our Latest Research Report on Newell Brands
Insider Activity
In other news, CEO Melanie Arlene Huet sold 8,800 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the completion of the sale, the chief executive officer owned 52,007 shares of the company's stock, valued at approximately $265,755.77. The trade was a 14.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.71% of the company's stock.
Newell Brands Trading Down 1.0%
NWL stock opened at $4.88 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57. The company has a fifty day moving average price of $5.55 and a two-hundred day moving average price of $6.08. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -8.27 and a beta of 0.96.
Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.24 EPS for the quarter, hitting analysts' consensus estimates of $0.24. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the previous year, the business posted $0.36 earnings per share. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. Equities analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.
Newell Brands Profile
(
Free Report)
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.
Further Reading

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