Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Holocene Advisors LP

Holocene Advisors LP decreased its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 64.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,589 shares of the company's stock after selling 169,945 shares during the quarter. Holocene Advisors LP's holdings in Newell Brands were worth $726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC purchased a new position in Newell Brands in the 2nd quarter worth approximately $26,000. Gradient Investments LLC purchased a new position in shares of Newell Brands in the second quarter worth $46,000. Quarry LP raised its holdings in Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company's stock valued at $51,000 after buying an additional 4,056 shares during the last quarter. Innealta Capital LLC purchased a new stake in Newell Brands during the 2nd quarter valued at $58,000. Finally, Venturi Wealth Management LLC bought a new stake in Newell Brands in the 3rd quarter worth $70,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Stock Performance

NWL traded up $0.38 during mid-day trading on Friday, reaching $10.31. 7,024,992 shares of the company traded hands, compared to its average volume of 4,828,433. The company's fifty day moving average price is $8.57 and its 200-day moving average price is $7.64. The stock has a market capitalization of $4.29 billion, a P/E ratio of -17.18, a P/E/G ratio of 0.93 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $10.44.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The firm's revenue was down 2.6% compared to the same quarter last year. On average, sell-side analysts expect that Newell Brands Inc. will post 0.66 EPS for the current year.

Newell Brands Announces Dividend

The firm 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 $0.07 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.72%. Newell Brands's payout ratio is -46.67%.

Insider Transactions at Newell Brands

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 shares were sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Citigroup lowered Newell Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 13th. Barclays upgraded Newell Brands from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $8.00 to $10.00 in a report on Wednesday, November 20th. Wells Fargo & Company lifted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Finally, Canaccord Genuity Group lifted their target price on shares of Newell Brands from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $9.30.

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.