CHICAGO TRUST Co NA reduced its stake in Newell Brands Inc (NYSE:NWL) by 24.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,000 shares of the company’s stock after selling 3,800 shares during the period. CHICAGO TRUST Co NA’s holdings in Newell Brands were worth $184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its holdings in Newell Brands by 67.8% in the 4th quarter. Proficio Capital Partners LLC now owns 1,545 shares of the company’s stock valued at $29,000 after acquiring an additional 624 shares during the last quarter. Capital Investment Advisory Services LLC bought a new stake in Newell Brands in the 4th quarter valued at $31,000. JOYN Advisors Inc. increased its holdings in Newell Brands by 232.3% in the 4th quarter. JOYN Advisors Inc. now owns 1,738 shares of the company’s stock valued at $32,000 after acquiring an additional 1,215 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in Newell Brands by 459.1% in the 4th quarter. FNY Investment Advisers LLC now owns 1,957 shares of the company’s stock valued at $36,000 after acquiring an additional 1,607 shares during the last quarter. Finally, We Are One Seven LLC bought a new stake in Newell Brands in the 4th quarter valued at $49,000. Institutional investors own 98.42% of the company’s stock.

Shares of NYSE:NWL traded up $0.08 on Wednesday, reaching $15.37. The company’s stock had a trading volume of 77,870 shares, compared to its average volume of 6,716,812. Newell Brands Inc has a 52-week low of $14.73 and a 52-week high of $28.38. The stock has a market capitalization of $6.47 billion, a P/E ratio of 5.60, a PEG ratio of 3.82 and a beta of 0.90. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54.

Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, February 15th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.30. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period last year, the company posted $0.68 EPS. The business’s revenue was down 6.0% on a year-over-year basis. On average, analysts expect that Newell Brands Inc will post 1.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, February 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.99%. Newell Brands’s dividend payout ratio is presently 33.45%.

A number of brokerages have issued reports on NWL. Wells Fargo & Co reiterated a “buy” rating and issued a $36.00 price target on shares of Newell Brands in a report on Thursday, December 20th. Barclays set a $16.00 price objective on shares of Newell Brands and gave the stock a “hold” rating in a research note on Tuesday, February 19th. Zacks Investment Research cut shares of Newell Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 21st. Jefferies Financial Group reissued a “hold” rating and issued a $15.00 price objective on shares of Newell Brands in a research note on Thursday, March 14th. Finally, Citigroup set a $24.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a research note on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.80.

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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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