Charles Schwab Investment Management Inc. Reduces Position in Newell Brands Inc. (NASDAQ:NWL)

Charles Schwab Investment Management Inc. trimmed its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 17.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,814,048 shares of the company's stock after selling 778,889 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.92% of Newell Brands worth $29,292,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in Newell Brands by 18.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company's stock worth $127,629,000 after buying an additional 2,634,114 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Newell Brands during the third quarter worth $3,316,000. Primecap Management Co. CA boosted its stake in Newell Brands by 4.8% during the third quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company's stock worth $113,073,000 after buying an additional 674,015 shares during the last quarter. Intech Investment Management LLC acquired a new position in Newell Brands during the third quarter worth $1,506,000. Finally, Moors & Cabot Inc. boosted its stake in Newell Brands by 85.6% during the third quarter. Moors & Cabot Inc. now owns 49,370 shares of the company's stock worth $379,000 after buying an additional 22,768 shares during the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NWL has been the topic of several recent analyst reports. Citigroup lowered Newell Brands from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 13th. Wells Fargo & Company upped their price target on Newell Brands from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Barclays raised Newell Brands from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $8.00 to $10.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on Newell Brands from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, October 11th. Finally, Canaccord Genuity Group upped their price target on Newell Brands from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $9.10.

Newell Brands Trading Down 1.5 %

Shares of NWL stock traded down $0.15 on Thursday, hitting $9.93. The stock had a trading volume of 4,350,468 shares, compared to its average volume of 5,496,943. The company's 50 day moving average price is $8.47 and its 200-day moving average price is $7.62. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $10.18. The firm has a market capitalization of $4.13 billion, a P/E ratio of -16.55, a P/E/G ratio of 0.90 and a beta of 0.90.

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

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 2.82%. Newell Brands's dividend payout ratio (DPR) is -46.67%.

Insider Activity

In other news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the transaction, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.58% of the company's stock.

Newell Brands Company 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.