Gladstone Institutional Advisory LLC Sells 14,710 Shares of Newell Brands Inc. (NASDAQ:NWL)

Gladstone Institutional Advisory LLC cut its holdings in Newell Brands Inc. (NASDAQ:NWL) by 7.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 178,839 shares of the company’s stock after selling 14,710 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Newell Brands were worth $1,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC bought a new position in shares of Newell Brands in the third quarter worth about $70,000. Claro Advisors LLC acquired a new position in Newell Brands during the 3rd quarter worth approximately $79,000. Versant Capital Management Inc lifted its stake in Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after purchasing an additional 1,666 shares during the last quarter. Optas LLC acquired a new stake in Newell Brands in the third quarter valued at approximately $85,000. Finally, Glenmede Trust Co. NA bought a new stake in shares of Newell Brands during the third quarter worth $92,000. Institutional investors own 92.50% of the company’s stock.

Insiders Place Their Bets

In related news, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.

Newell Brands Stock Performance

Shares of NWL stock opened at $7.09 on Thursday. The stock has a market capitalization of $2.95 billion, a PE ratio of -11.82, a PEG ratio of 1.09 and a beta of 0.89. The business’s 50 day simple moving average is $10.05 and its 200 day simple moving average is $8.71. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. Newell Brands Inc. has a one year low of $5.39 and a one year high of $11.78.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data 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 negative net margin of 3.22% and a positive return on equity of 10.22%. During the same period last year, the company posted $0.22 EPS. As a group, research analysts forecast that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on NWL shares. UBS Group increased their price target on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Canaccord Genuity Group dropped their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. boosted their price target on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Royal Bank of Canada lowered their price objective on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Monday. Finally, Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.81.

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.