Newell Brands Inc (NYSE:NWL) Position Decreased by Raymond James Trust N.A.

Raymond James Trust N.A. decreased its holdings in shares of Newell Brands Inc (NYSE:NWL) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,837 shares of the company’s stock after selling 2,351 shares during the period. Raymond James Trust N.A.’s holdings in Newell Brands were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. FinTrust Capital Advisors LLC bought a new position in shares of Newell Brands during the 1st quarter valued at about $31,000. LifePlan Financial Group Inc bought a new position in shares of Newell Brands during the 2nd quarter valued at about $40,000. CSat Investment Advisory L.P. boosted its position in shares of Newell Brands by 163.6% during the 1st quarter. CSat Investment Advisory L.P. now owns 3,110 shares of the company’s stock valued at $48,000 after purchasing an additional 1,930 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Newell Brands by 195.7% during the 1st quarter. Quadrant Capital Group LLC now owns 4,175 shares of the company’s stock valued at $62,000 after purchasing an additional 2,763 shares in the last quarter. Finally, Actinver Wealth Management Inc. purchased a new stake in Newell Brands during the fourth quarter valued at about $244,000. Institutional investors own 98.42% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Consumer Edge assumed coverage on shares of Newell Brands in a research note on Wednesday, July 3rd. They set a “hold” rating for the company. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $20.80.

NWL traded up $0.12 during midday trading on Tuesday, hitting $14.30. 143,980 shares of the company’s stock traded hands, compared to its average volume of 5,928,036. The stock has a market capitalization of $6.07 billion, a P/E ratio of 5.21, a PEG ratio of 3.82 and a beta of 0.90. The company’s fifty day moving average price is $14.88. 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 Inc has a one year low of $13.04 and a one year high of $27.04.

Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.08. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities analysts forecast that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.

Newell Brands 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.

Further Reading: How Investors Use a Balance Sheet

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

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