SeaCrest Wealth Management LLC Sells 4,059 Shares of Newell Brands Inc (NYSE:NWL)

SeaCrest Wealth Management LLC lowered its stake in Newell Brands Inc (NYSE:NWL) by 12.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 28,101 shares of the company’s stock after selling 4,059 shares during the period. SeaCrest Wealth Management LLC’s holdings in Newell Brands were worth $433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Malaga Cove Capital LLC lifted its stake in Newell Brands by 3.2% in the first quarter. Malaga Cove Capital LLC now owns 52,722 shares of the company’s stock valued at $809,000 after buying an additional 1,654 shares in the last quarter. S&CO Inc. raised its holdings in shares of Newell Brands by 14.3% in the first quarter. S&CO Inc. now owns 32,000 shares of the company’s stock valued at $491,000 after purchasing an additional 4,000 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Newell Brands by 8.9% in the first quarter. Sigma Planning Corp now owns 13,367 shares of the company’s stock valued at $205,000 after purchasing an additional 1,095 shares during the last quarter. Crawford Investment Counsel Inc. acquired a new stake in shares of Newell Brands in the first quarter valued at approximately $210,000. Finally, First Midwest Bank Trust Division raised its holdings in shares of Newell Brands by 46.6% in the first quarter. First Midwest Bank Trust Division now owns 412,435 shares of the company’s stock valued at $6,327,000 after purchasing an additional 131,106 shares during the last quarter. 98.42% of the stock is currently owned by hedge funds and other institutional investors.

NWL traded up $2.07 during trading on Friday, reaching $15.50. 12,533,024 shares of the stock were exchanged, compared to its average volume of 6,017,715. The company has a market cap of $5.92 billion, a PE ratio of 5.64, a P/E/G ratio of 3.82 and a beta of 0.90. Newell Brands Inc has a twelve month low of $13.04 and a twelve month high of $27.04. The business’s 50 day moving average price is $14.81. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98.

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

A number of analysts have recently issued reports on NWL shares. Zacks Investment Research upgraded shares of Newell Brands from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Consumer Edge started coverage on shares of Newell Brands in a report on Wednesday, July 3rd. They issued a “hold” rating on the stock. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Newell Brands in a report on Wednesday. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $20.80.

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.

See Also: Analyzing a company’s cash flow statement

Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newell Brands Inc (NYSE:NWL).

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

Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.