SeaCrest Wealth Management LLC Sells 1,271 Shares of Newell Brands Inc (NYSE:NWL)

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SeaCrest Wealth Management LLC decreased its position in shares of Newell Brands Inc (NYSE:NWL) by 4.2% during the fourth quarter, HoldingsChannel reports. The fund owned 29,129 shares of the company’s stock after selling 1,271 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Newell Brands were worth $560,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NWL. Quest Capital Management Inc. ADV purchased a new stake in Newell Brands in the 3rd quarter valued at about $54,000. AE Wealth Management LLC increased its holdings in Newell Brands by 8.8% during the 3rd quarter. AE Wealth Management LLC now owns 77,020 shares of the company’s stock worth $1,442,000 after purchasing an additional 6,242 shares during the period. CSat Investment Advisory L.P. increased its holdings in Newell Brands by 31.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 4,094 shares of the company’s stock worth $63,000 after purchasing an additional 984 shares during the period. Millennium Management LLC increased its holdings in Newell Brands by 165.4% during the 3rd quarter. Millennium Management LLC now owns 665,380 shares of the company’s stock worth $12,455,000 after purchasing an additional 414,708 shares during the period. Finally, Phocas Financial Corp. bought a new stake in Newell Brands during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 98.42% of the company’s stock.

NWL opened at $20.16 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 3.82 and a beta of 0.90. Newell Brands Inc has a 12 month low of $13.04 and a 12 month high of $22.06. The stock has a fifty day moving average price of $19.34 and a 200-day moving average price of $17.98.

Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.17. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS. On average, equities research analysts forecast that Newell Brands Inc will post 1.22 EPS for the current year.

In other Newell Brands news, Director James Craigie purchased 12,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was bought at an average cost of $20.00 per share, for a total transaction of $250,000.00. Following the completion of the purchase, the director now owns 28,749 shares in the company, valued at approximately $574,980. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.97% of the company’s stock.

Several equities research analysts have weighed in on NWL shares. SunTrust Banks upgraded Newell Brands from a “hold” rating to a “buy” rating and upped their target price for the stock from $15.00 to $25.00 in a report on Monday, September 30th. Zacks Investment Research upgraded Newell Brands from a “sell” rating to a “hold” rating and set a $21.00 price target on the stock in a research note on Friday, January 17th. TheStreet upgraded Newell Brands from a “d” rating to a “c-” rating in a report on Friday, November 1st. Consumer Edge lowered shares of Newell Brands from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 11th. Finally, Morgan Stanley upped their price objective on shares of Newell Brands from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.78.

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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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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