Journey Strategic Wealth LLC Acquires New Position in Newell Brands Inc. (NASDAQ:NWL)

Journey Strategic Wealth LLC acquired a new stake in Newell Brands Inc. (NASDAQ:NWL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,957 shares of the company’s stock, valued at approximately $130,000.

Several other institutional investors also recently made changes to their positions in the stock. Philadelphia Trust Co. grew its holdings in shares of Newell Brands by 0.8% during the fourth quarter. Philadelphia Trust Co. now owns 183,357 shares of the company’s stock valued at $1,592,000 after purchasing an additional 1,500 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Newell Brands by 1.4% during the third quarter. Arizona State Retirement System now owns 112,012 shares of the company’s stock worth $1,011,000 after buying an additional 1,508 shares during the period. Kestra Private Wealth Services LLC boosted its position in shares of Newell Brands by 6.7% during the third quarter. Kestra Private Wealth Services LLC now owns 24,775 shares of the company’s stock worth $224,000 after buying an additional 1,547 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Newell Brands by 5.4% during the third quarter. Kestra Advisory Services LLC now owns 30,495 shares of the company’s stock worth $275,000 after buying an additional 1,562 shares during the period. Finally, Xcel Wealth Management LLC boosted its position in shares of Newell Brands by 8.6% during the fourth quarter. Xcel Wealth Management LLC now owns 21,370 shares of the company’s stock worth $185,000 after buying an additional 1,700 shares during the period. 92.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NWL shares. Royal Bank of Canada reduced their price objective on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a research report on Monday, February 12th. Wells Fargo & Company boosted their price objective on Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, April 29th. Raymond James downgraded Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Barclays upgraded Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 target price for the company in a research report on Tuesday, May 14th. Finally, Citigroup upped their target price on Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.70.

Newell Brands Price Performance

Shares of NASDAQ NWL traded down $0.14 during trading on Wednesday, hitting $8.08. The company had a trading volume of 598,336 shares, compared to its average volume of 4,826,108. The company has a market cap of $3.35 billion, a P/E ratio of -11.38, a PEG ratio of 1.53 and a beta of 0.95. Newell Brands Inc. has a 52 week low of $6.49 and a 52 week high of $11.61. The business’s 50-day moving average is $7.68 and its 200 day moving average is $7.88. 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 (NASDAQ:NWL) last posted its quarterly earnings results on Friday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) earnings per share. Equities research analysts predict that Newell Brands Inc. will post 0.6 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.07 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.47%. Newell Brands’s payout ratio is currently -38.89%.

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.