Fmr LLC Grows Stock Position in Newell Brands Inc. (NASDAQ:NWL)

FMR LLC boosted its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 21.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,354,913 shares of the company's stock after buying an additional 770,717 shares during the period. FMR LLC owned approximately 1.05% of Newell Brands worth $33,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in shares of Newell Brands during the 2nd quarter worth $26,000. Gradient Investments LLC purchased a new stake in shares of Newell Brands during the 2nd quarter worth $46,000. Quarry LP boosted its position in shares of Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company's stock worth $51,000 after purchasing an additional 4,056 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Newell Brands during the 2nd quarter worth $58,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Newell Brands during the 3rd quarter worth $70,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Newell Brands from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. cut their price target on Newell Brands from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and lifted their price target for the stock from $10.00 to $17.00 in a research note on Monday. Barclays raised Newell Brands from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $8.00 to $10.00 in a research note on Wednesday, November 20th. Finally, Citigroup downgraded 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 given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $10.00.

Insider Activity

In other news, insider Tracy L. Platt sold 23,343 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of the business's 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 sale, the insider now 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 disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Newell Brands Trading Up 11.6 %

Shares of NASDAQ NWL traded up $1.20 on Monday, reaching $11.51. 13,009,947 shares of the company traded hands, compared to its average volume of 5,535,090. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.58. The company has a 50 day moving average of $8.57 and a 200 day moving average of $7.64. 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 stock has a market capitalization of $4.79 billion, a PE ratio of -19.25, a P/E/G ratio of 0.95 and a beta of 0.90.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company posted $0.39 EPS. The company's quarterly revenue was down 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands's dividend payout ratio is currently -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.