Short Interest in Newell Brands Inc. (NASDAQ:NWL) Drops By 15.0%

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 10,630,000 shares, a decrease of 15.0% from the December 15th total of 12,510,000 shares. Based on an average daily volume of 5,820,000 shares, the short-interest ratio is presently 1.8 days. Approximately 2.6% of the shares of the stock are short sold.

Insider Buying and Selling

In other news, insider Bradford R. Turner sold 20,000 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 230,254 shares in the company, valued at approximately $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 can be accessed through this link. Also, insider Tracy L. Platt sold 23,343 shares of the 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 disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Newell Brands

A number of institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its position in shares of Newell Brands by 5.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 112,448 shares of the company's stock worth $721,000 after acquiring an additional 6,273 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Newell Brands by 3.8% in the second quarter. Victory Capital Management Inc. now owns 87,086 shares of the company's stock worth $558,000 after purchasing an additional 3,228 shares in the last quarter. American Century Companies Inc. lifted its position in Newell Brands by 28.9% during the second quarter. American Century Companies Inc. now owns 27,864 shares of the company's stock valued at $179,000 after buying an additional 6,247 shares during the period. Dimensional Fund Advisors LP lifted its position in Newell Brands by 29.2% during the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company's stock valued at $75,753,000 after buying an additional 2,668,384 shares during the period. Finally, Primecap Management Co. CA boosted its holdings in shares of Newell Brands by 17.7% during the 2nd quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company's stock valued at $90,054,000 after buying an additional 2,109,892 shares in the last quarter. 92.50% of the stock is owned by institutional investors.

Newell Brands Trading Up 1.8 %

NASDAQ NWL traded up $0.18 on Thursday, hitting $10.16. The company's stock had a trading volume of 6,658,512 shares, compared to its average volume of 5,227,216. The firm has a market cap of $4.23 billion, a P/E ratio of -16.93, a PEG ratio of 0.86 and a beta of 0.89. Newell Brands has a 52-week low of $5.39 and a 52-week high of $11.78. The company's 50-day simple moving average is $9.88 and its 200 day simple moving average is $8.26. 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 results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. Research analysts predict that Newell Brands will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands's dividend payout ratio is currently -46.67%.

Analyst Upgrades and Downgrades

NWL has been the topic of several research reports. Canaccord Genuity Group lifted their price target on shares of Newell Brands from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their target price on shares of Newell Brands from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 7th. Truist Financial upgraded shares of Newell Brands from a "hold" rating to a "buy" rating and upped their price target for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Barclays upgraded Newell Brands from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their target price on Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $10.60.

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.

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