Friedenthal Financial Takes Position in Newell Brands Inc. (NASDAQ:NWL)

Friedenthal Financial purchased a new position in Newell Brands Inc. (NASDAQ:NWL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 76,546 shares of the company's stock, valued at approximately $762,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NWL. Massachusetts Financial Services Co. MA boosted its holdings in shares of Newell Brands by 18.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company's stock valued at $127,629,000 after buying an additional 2,634,114 shares during the period. Primecap Management Co. CA boosted its stake in Newell Brands by 4.8% in the third quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company's stock valued at $113,073,000 after acquiring an additional 674,015 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Newell Brands by 29.2% during the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company's stock valued at $75,753,000 after purchasing an additional 2,668,384 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Newell Brands by 1.4% during the second quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company's stock valued at $65,558,000 after purchasing an additional 137,441 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Newell Brands by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,635,283 shares of the company's stock worth $50,973,000 after purchasing an additional 115,459 shares during the period. 92.50% of the stock is owned by institutional investors.

Newell Brands Price Performance

Shares of Newell Brands stock traded down $0.05 on Monday, hitting $9.71. The company had a trading volume of 5,499,147 shares, compared to its average volume of 4,698,506. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $11.78. The company has a market cap of $4.04 billion, a PE ratio of -16.18, a PEG ratio of 1.02 and a beta of 0.89. The business has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $8.22. 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 (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (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 during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $0.39 EPS. The firm's quarterly revenue was down 2.6% on a year-over-year basis. Research analysts expect that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands's dividend payout ratio (DPR) is presently -46.67%.

Analyst Ratings Changes

NWL has been the subject of a number of recent research reports. Barclays upgraded Newell Brands from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $8.00 to $10.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group upped their price target on shares of Newell Brands from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Truist Financial raised shares of Newell Brands from a "hold" rating to a "buy" rating and increased their price objective for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Wells Fargo & Company boosted their target price on shares of Newell Brands from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.20.

Insider Activity

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 stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $240,666.33. The disclosure for this sale can be found here. Insiders own 0.58% of the company's stock.

About Newell Brands

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.