Bank of The West lowered its position in Newell Brands Inc (NYSE:NWL) by 60.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,576 shares of the company’s stock after selling 12,926 shares during the quarter. Bank of The West’s holdings in Newell Brands were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Parkside Investments LLC acquired a new stake in Newell Brands in the third quarter valued at about $107,000. BB&T Investment Services Inc. acquired a new stake in Newell Brands in the second quarter valued at about $143,000. WINTON GROUP Ltd acquired a new stake in Newell Brands in the second quarter valued at about $202,000. Cerebellum GP LLC purchased a new position in Newell Brands in the fourth quarter valued at about $123,000. Finally, Cetera Investment Advisers purchased a new position in Newell Brands in the second quarter valued at about $263,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Newell Brands Inc (NYSE NWL) opened at $27.91 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.46. Newell Brands Inc has a 12 month low of $23.85 and a 12 month high of $55.08. The firm has a market cap of $13,680.00, a P/E ratio of 10.78, a PEG ratio of 1.36 and a beta of 0.89.

Newell Brands declared that its Board of Directors has authorized a share buyback program on Thursday, November 2nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

In other Newell Brands news, CEO Michael B. Polk acquired 7,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $28.22 per share, with a total value of $197,540.00. Following the purchase, the chief executive officer now directly owns 616,296 shares in the company, valued at approximately $17,391,873.12. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.97% of the company’s stock.

NWL has been the subject of a number of research analyst reports. Jefferies Group reaffirmed a “hold” rating and issued a $47.00 target price on shares of Newell Brands in a report on Thursday, October 19th. ValuEngine cut shares of Newell Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Citigroup dropped their target price on shares of Newell Brands from $63.00 to $42.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Barclays reaffirmed a “buy” rating and issued a $35.00 target price on shares of Newell Brands in a report on Wednesday, December 6th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Newell Brands in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.06.

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Newell Brands Company Profile

Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.

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

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