UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 92,527 Shares of Newell Brands Inc. (NASDAQ:NWL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 978,357 shares of the company's stock after selling 92,527 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of Newell Brands worth $7,514,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc raised its position in shares of Newell Brands by 3.5% in the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company's stock valued at $304,000 after purchasing an additional 1,345 shares during the period. Centaurus Financial Inc. increased its stake in shares of Newell Brands by 5.9% during the second quarter. Centaurus Financial Inc. now owns 31,599 shares of the company's stock worth $203,000 after purchasing an additional 1,762 shares during the period. Arizona State Retirement System lifted its holdings in Newell Brands by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 116,226 shares of the company's stock worth $745,000 after purchasing an additional 2,394 shares during the last quarter. Raymond James Trust N.A. boosted its stake in Newell Brands by 9.9% in the 2nd quarter. Raymond James Trust N.A. now owns 27,541 shares of the company's stock valued at $177,000 after purchasing an additional 2,490 shares during the period. Finally, Xcel Wealth Management LLC grew its holdings in Newell Brands by 8.3% in the 2nd quarter. Xcel Wealth Management LLC now owns 32,773 shares of the company's stock valued at $210,000 after buying an additional 2,500 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford R. Turner sold 20,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were 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 of the company's stock, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.58% of the company's stock.

Newell Brands Price Performance

Newell Brands stock traded up $0.12 during mid-day trading on Tuesday, reaching $11.63. The company had a trading volume of 6,975,453 shares, compared to its average volume of 5,541,146. The business has a fifty day simple moving average of $8.65 and a 200 day simple moving average of $7.67. The company has a market cap of $4.84 billion, a P/E ratio of -19.10, a P/E/G ratio of 0.95 and a beta of 0.90. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.68. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting 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 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 business posted $0.39 EPS. Newell Brands's revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities research analysts predict that Newell Brands Inc. will post 0.66 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands's payout ratio is presently -46.67%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup cut shares of Newell Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 13th. Barclays upgraded shares of Newell Brands from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $8.00 to $10.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group lifted their price objective on Newell Brands from $13.00 to $15.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company boosted their price target on Newell Brands from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Finally, Truist Financial upgraded 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 research note on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $10.00.

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.