Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its position in Newell Brands Inc. (NASDAQ:NWL) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 167,819 shares of the company’s stock after selling 1,863 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Newell Brands were worth $1,457,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NWL. Authentikos Wealth Advisory LLC acquired a new position in Newell Brands during the 3rd quarter worth $51,000. GAMMA Investing LLC purchased a new position in shares of Newell Brands in the 4th quarter valued at about $61,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Newell Brands during the fourth quarter worth about $88,000. RFP Financial Group LLC increased its stake in shares of Newell Brands by 81.1% during the third quarter. RFP Financial Group LLC now owns 10,050 shares of the company’s stock worth $91,000 after buying an additional 4,500 shares during the period. Finally, Prime Capital Investment Advisors LLC acquired a new stake in Newell Brands in the fourth quarter valued at approximately $94,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Stock Up 1.1 %

Newell Brands stock opened at $8.05 on Thursday. The company has a market capitalization of $3.34 billion, a P/E ratio of -11.18, a PEG ratio of 1.43 and a beta of 0.95. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 1.15. Newell Brands Inc. has a fifty-two week low of $6.49 and a fifty-two week high of $11.61. The stock has a 50-day simple moving average of $7.54 and a 200-day simple moving average of $7.78.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) earnings per share. Equities research analysts expect that Newell Brands Inc. will post 0.6 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.48%. Newell Brands’s dividend payout ratio is currently -38.89%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank of Canada lowered their price target on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a report on Monday, February 12th. Canaccord Genuity Group boosted their target price on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Wells Fargo & Company raised their price target on Newell Brands from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, April 29th. Citigroup upped their price objective on Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Finally, Morgan Stanley dropped their price objective on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.61.

About Newell Brands

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.