Savoir Faire Capital Management L.P. Sells 92,657 Shares of Newell Brands Inc. (NASDAQ:NWL)

Savoir Faire Capital Management L.P. lessened its stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 26.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 252,496 shares of the company's stock after selling 92,657 shares during the quarter. Savoir Faire Capital Management L.P. owned approximately 0.06% of Newell Brands worth $1,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in Newell Brands during the 2nd quarter valued at about $26,000. Gradient Investments LLC bought a new position in shares of Newell Brands during the second quarter valued at approximately $46,000. Quarry LP lifted its stake in Newell Brands by 104.4% in the second quarter. Quarry LP now owns 7,941 shares of the company's stock worth $51,000 after acquiring an additional 4,056 shares during the period. Innealta Capital LLC bought a new stake in Newell Brands in the second quarter valued at $58,000. Finally, Venturi Wealth Management LLC purchased a new position in Newell Brands during the 3rd quarter valued at $70,000. Institutional investors own 92.50% of the company's stock.

Insiders Place Their Bets

In other news, insider Bradford R. Turner sold 20,000 shares of the business's stock in a transaction that occurred on 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 directly owns 230,254 shares of the company's stock, valued at $2,063,075.84. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.61% of the company's stock.

Newell Brands Stock Down 0.8 %

Shares of NASDAQ NWL traded down $0.07 during trading on Tuesday, reaching $8.82. The company had a trading volume of 1,714,997 shares, compared to its average volume of 5,476,074. The business's 50-day moving average is $7.98 and its 200 day moving average is $7.51. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. The stock has a market cap of $3.67 billion, a PE ratio of -14.82, a P/E/G ratio of 0.82 and a beta of 0.89. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $9.68.

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 analysts' consensus estimates of $0.16. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. Newell Brands's revenue was down 2.6% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. As a group, equities analysts forecast that Newell Brands Inc. will post 0.65 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm 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 dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 3.17%. Newell Brands's dividend payout ratio is -46.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. Citigroup cut Newell Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 13th. Royal Bank of Canada increased their target price on Newell Brands from $7.50 to $9.50 and gave the stock a "sector perform" rating in a research report on Monday, July 29th. Wells Fargo & Company lifted their price target on Newell Brands from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Finally, Canaccord Genuity Group upped their price target on Newell Brands from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $8.90.

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.