Cetera Advisor Networks LLC Raises Position in Newell Brands Inc (NWL)

Cetera Advisor Networks LLC grew its stake in shares of Newell Brands Inc (NYSE:NWL) by 368.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,346 shares of the company’s stock after purchasing an additional 37,248 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Newell Brands were worth $884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of NWL. Franklin Resources Inc. boosted its stake in shares of Newell Brands by 4,814.0% during the third quarter. Franklin Resources Inc. now owns 11,308,700 shares of the company’s stock valued at $229,568,000 after purchasing an additional 11,078,567 shares during the period. BlackRock Inc. boosted its stake in shares of Newell Brands by 10.7% during the third quarter. BlackRock Inc. now owns 41,188,089 shares of the company’s stock valued at $836,120,000 after purchasing an additional 3,982,751 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Newell Brands by 2,649.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,077,270 shares of the company’s stock valued at $219,000 after purchasing an additional 3,928,960 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Newell Brands by 15.7% during the third quarter. Bank of New York Mellon Corp now owns 14,040,672 shares of the company’s stock valued at $285,027,000 after purchasing an additional 1,906,362 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in shares of Newell Brands during the fourth quarter valued at $32,936,000. 98.42% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Newell Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Jefferies Financial Group reissued a “hold” rating and set a $15.00 target price on shares of Newell Brands in a research note on Thursday, March 14th. Wells Fargo & Co boosted their target price on shares of Newell Brands from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Barclays set a $16.00 target price on shares of Newell Brands and gave the company a “hold” rating in a research note on Tuesday, February 19th. Finally, Citigroup set a $24.00 target price on shares of Newell Brands and gave the company a “buy” rating in a research note on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.80.

NYSE:NWL traded down $0.01 during mid-day trading on Friday, reaching $15.15. The company’s stock had a trading volume of 7,221,790 shares, compared to its average volume of 6,562,789. Newell Brands Inc has a 1 year low of $14.73 and a 1 year high of $28.38. The firm has a market cap of $6.41 billion, a PE ratio of 5.51, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, February 15th. The company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Newell Brands Inc will post 1.22 EPS for the current fiscal year.

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About Newell Brands

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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