Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Centiva Capital LP

Centiva Capital LP cut its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 79.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,865 shares of the company's stock after selling 206,014 shares during the quarter. Centiva Capital LP's holdings in Newell Brands were worth $421,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. grew its position in Newell Brands by 5,324.8% in the 3rd quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company's stock valued at $36,282,000 after buying an additional 4,637,180 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Newell Brands by 29.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company's stock worth $75,753,000 after acquiring an additional 2,668,384 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Newell Brands by 18.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company's stock valued at $127,629,000 after acquiring an additional 2,634,114 shares in the last quarter. Primecap Management Co. CA increased its stake in shares of Newell Brands by 17.7% during the second quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company's stock worth $90,054,000 after acquiring an additional 2,109,892 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Newell Brands by 106.7% during the second quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company's stock worth $16,042,000 after purchasing an additional 1,314,514 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Insiders Place Their Bets

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now directly owns 230,254 shares of the company's stock, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on NWL. JPMorgan Chase & Co. lowered their price objective on Newell Brands from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, October 11th. Wells Fargo & Company upped their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and raised their target price for the company from $10.00 to $17.00 in a report on Monday. Barclays raised shares of Newell Brands from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $8.00 to $10.00 in a research note on Wednesday, November 20th. Finally, Citigroup cut shares of Newell Brands from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $10.00.

Newell Brands Price Performance

Shares of NWL stock traded up $0.12 during trading hours on Tuesday, hitting $11.63. The company's stock had a trading volume of 6,975,453 shares, compared to its average volume of 5,541,146. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The business has a fifty day moving average of $8.65 and a 200-day moving average of $7.67. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.68. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of -19.10, a P/E/G ratio of 0.95 and a beta of 0.90.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. Newell Brands's quarterly revenue was down 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that Newell Brands Inc. will post 0.66 EPS for the current year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.41%. Newell Brands's dividend payout ratio (DPR) is -46.67%.

Newell Brands Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.