Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 18.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,618,316 shares of the company's stock after buying an additional 2,634,114 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.99% of Newell Brands worth $127,629,000 at the end of the most recent reporting period.

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

Newell Brands Price Performance

NWL traded up $0.18 on Friday, reaching $9.12. 4,961,727 shares of the company's stock were exchanged, compared to its average volume of 6,393,328. The stock has a market cap of $3.79 billion, a PE ratio of -15.20, a P/E/G ratio of 0.83 and a beta of 0.89. 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 twelve month low of $5.39 and a twelve month high of $9.68. The stock's fifty day moving average price is $8.10 and its 200-day moving average price is $7.54.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the previous year, the firm posted $0.39 EPS. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. Sell-side analysts expect that Newell Brands Inc. will post 0.66 EPS for the current year.

Newell Brands Announces Dividend

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 issued 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 3.07%. Newell Brands's payout ratio is -46.67%.

Insider Transactions at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the 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 of the company's stock, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.58% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on NWL shares. 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. Citigroup downgraded Newell Brands from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company a "hold" rating in a research note on Monday, July 29th. Truist Financial boosted their price target 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. Finally, Barclays raised shares of Newell Brands from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $8.00 to $10.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Newell Brands presently has a consensus rating of "Hold" and an average price target of $9.10.

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.