Brave Asset Management Inc. trimmed its stake in shares of Newell Brands Inc (NYSE:NWL) by 29.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,150 shares of the company’s stock after selling 4,725 shares during the period. Brave Asset Management Inc.’s holdings in Newell Brands were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Carroll Financial Associates Inc. grew its holdings in Newell Brands by 31.7% in the fourth quarter. Carroll Financial Associates Inc. now owns 3,369 shares of the company’s stock valued at $65,000 after purchasing an additional 810 shares during the period. IFP Advisors Inc grew its holdings in Newell Brands by 6.4% in the fourth quarter. IFP Advisors Inc now owns 13,664 shares of the company’s stock valued at $251,000 after purchasing an additional 819 shares during the period. First Hawaiian Bank grew its holdings in Newell Brands by 6.5% in the fourth quarter. First Hawaiian Bank now owns 14,379 shares of the company’s stock valued at $268,000 after purchasing an additional 883 shares during the period. Belpointe Asset Management LLC grew its holdings in Newell Brands by 9.3% in the third quarter. Belpointe Asset Management LLC now owns 15,561 shares of the company’s stock valued at $316,000 after purchasing an additional 1,326 shares during the period. Finally, Private Trust Co. NA grew its holdings in Newell Brands by 10.5% in the fourth quarter. Private Trust Co. NA now owns 16,306 shares of the company’s stock valued at $303,000 after purchasing an additional 1,556 shares during the period. 98.42% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP James L. Cunningham III sold 22,331 shares of Newell Brands stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $23.45, for a total transaction of $523,661.95. Following the transaction, the senior vice president now owns 7,321 shares in the company, valued at $171,677.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brett Icahn acquired 100,000 shares of Newell Brands stock in a transaction that occurred on Monday, November 12th. The shares were bought at an average price of $20.03 per share, for a total transaction of $2,003,000.00. The disclosure for this purchase can be found here. Company insiders own 0.97% of the company’s stock.
Several analysts have commented on NWL shares. BMO Capital Markets dropped their price objective on Newell Brands from $25.00 to $20.00 and set a “market perform” rating on the stock in a report on Monday, November 5th. Zacks Investment Research restated a “strong sell” rating on shares of Newell Brands in a research report on Wednesday, November 14th. ValuEngine upgraded Newell Brands from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. TheStreet downgraded Newell Brands from a “c” rating to a “d” rating in a research report on Friday, November 2nd. Finally, Morgan Stanley set a $23.00 target price on Newell Brands and gave the company a “hold” rating in a research report on Tuesday, November 6th. Twelve equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Newell Brands currently has a consensus rating of “Hold” and a consensus target price of $24.54.
NYSE NWL opened at $21.37 on Wednesday. The company has a market capitalization of $10.11 billion, a PE ratio of 7.77, a PEG ratio of 3.82 and a beta of 0.90. Newell Brands Inc has a 1-year low of $15.11 and a 1-year high of $30.17. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54.
Newell Brands Company Profile
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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