King Luther Capital Management Corp Reduces Holdings in Newell Brands Inc. (NASDAQ:NWL)

King Luther Capital Management Corp trimmed its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 11.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,179,599 shares of the company's stock after selling 530,276 shares during the period. King Luther Capital Management Corp owned approximately 1.00% of Newell Brands worth $32,099,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NWL. Moors & Cabot Inc. grew its position in shares of Newell Brands by 85.6% during the 3rd quarter. Moors & Cabot Inc. now owns 49,370 shares of the company's stock valued at $379,000 after acquiring an additional 22,768 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Newell Brands by 3.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 327,405 shares of the company's stock worth $2,514,000 after buying an additional 9,577 shares during the period. Claro Advisors LLC bought a new position in Newell Brands in the 3rd quarter worth $79,000. Natixis Advisors LLC boosted its holdings in Newell Brands by 21.5% in the 3rd quarter. Natixis Advisors LLC now owns 413,722 shares of the company's stock worth $3,177,000 after buying an additional 73,292 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Newell Brands by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 39,590 shares of the company's stock worth $304,000 after buying an additional 1,345 shares during the period. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Bradford R. Turner sold 20,000 shares of the company'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 completion of the transaction, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.58% of the company's stock.

Newell Brands Price Performance

Shares of NASDAQ NWL traded up $0.05 during mid-day trading on Thursday, hitting $8.89. 1,274,730 shares of the company's stock traded hands, compared to its average volume of 5,458,010. 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 $9.68. The company has a market capitalization of $3.70 billion, a P/E ratio of -14.73, a PEG ratio of 0.82 and a beta of 0.89. The company's 50-day moving average is $8.05 and its two-hundred day moving average is $7.53.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Friday, October 25th. The company reported $0.16 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 business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm earned $0.39 EPS. The company's revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities analysts anticipate that Newell Brands Inc. will post 0.66 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 3.15%. Newell Brands's dividend payout ratio (DPR) is -46.67%.

Wall Street Analysts Forecast Growth

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

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.