Cornercap Investment Counsel Inc. Has $531,000 Holdings in Newell Brands Inc. (NASDAQ:NWL)

Cornercap Investment Counsel Inc. lessened its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 54.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,102 shares of the company's stock after selling 81,296 shares during the period. Cornercap Investment Counsel Inc.'s holdings in Newell Brands were worth $531,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Newell Brands during the first quarter worth approximately $301,000. Janney Montgomery Scott LLC raised its position in Newell Brands by 15.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 77,221 shares of the company's stock valued at $620,000 after purchasing an additional 10,240 shares during the last quarter. Empowered Funds LLC bought a new position in Newell Brands in the 1st quarter valued at $80,000. Swiss National Bank boosted its stake in Newell Brands by 5.5% in the first quarter. Swiss National Bank now owns 817,942 shares of the company's stock worth $6,568,000 after purchasing an additional 42,400 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Newell Brands by 13.2% during the first quarter. Sei Investments Co. now owns 376,838 shares of the company's stock worth $3,026,000 after purchasing an additional 44,047 shares during the last quarter. Institutional investors own 92.50% of the company's stock.

Newell Brands Stock Down 1.8 %

Shares of NWL traded down $0.16 on Friday, hitting $8.80. The company's stock had a trading volume of 4,040,146 shares, compared to its average volume of 6,714,456. The firm's fifty day moving average price is $7.94 and its 200-day moving average price is $7.50. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $9.68. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of -14.67, a P/E/G ratio of 0.82 and a beta of 0.89.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The firm's revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. On average, equities research analysts expect that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 3.18%. Newell Brands's dividend payout ratio is currently -46.67%.

Insider Buying and Selling

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the business'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 sale, the insider now directly owns 230,254 shares of the company's stock, valued at $2,063,075.84. The trade was a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NWL shares. Truist Financial increased their price objective on shares of Newell Brands from $8.00 to $10.00 and gave the stock a "hold" rating in a report on Tuesday, July 30th. Canaccord Genuity Group raised their price target on shares of Newell Brands from $12.00 to $13.00 and gave the company a "buy" rating in a report on Monday, October 28th. Royal Bank of Canada upped their price objective on Newell Brands from $7.50 to $9.50 and gave the stock a "sector perform" rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on Newell Brands from $8.00 to $9.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. Finally, Citigroup cut Newell Brands from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.90.

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.