Boyar Asset Management Inc. Cuts Position in Newell Brands Inc. (NASDAQ:NWL)

Boyar Asset Management Inc. lowered its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,624 shares of the company’s stock after selling 3,789 shares during the quarter. Boyar Asset Management Inc.’s holdings in Newell Brands were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NWL. PFG Investments LLC lifted its position in shares of Newell Brands by 6.6% during the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock valued at $157,000 after buying an additional 981 shares in the last quarter. TriaGen Wealth Management LLC raised its position in Newell Brands by 1.7% during the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock worth $583,000 after acquiring an additional 991 shares during the period. Arizona State Retirement System lifted its holdings in Newell Brands by 0.9% during the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock valued at $1,202,000 after purchasing an additional 1,125 shares in the last quarter. Optas LLC grew its position in shares of Newell Brands by 11.8% in the fourth quarter. Optas LLC now owns 12,397 shares of the company’s stock valued at $123,000 after purchasing an additional 1,306 shares during the period. Finally, Accurate Wealth Management LLC increased its stake in shares of Newell Brands by 14.8% during the fourth quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock worth $116,000 after purchasing an additional 1,531 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $9.00 price objective on shares of Newell Brands in a report on Monday. Truist Financial lowered their price target on Newell Brands from $17.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. UBS Group dropped their target price on shares of Newell Brands from $8.00 to $5.50 and set a “neutral” rating for the company in a report on Thursday, April 17th. Barclays upped their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company decreased their target price on shares of Newell Brands from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.92.

Newell Brands Stock Performance

Newell Brands stock opened at $5.17 on Wednesday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -9.94, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $5.83 and a 200-day simple moving average of $8.10. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter in the previous year, the business earned $0.22 earnings per share. On average, analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is presently -53.85%.

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.