Verition Fund Management LLC Has $3.81 Million Position in Newell Brands Inc. (NASDAQ:NWL)

Verition Fund Management LLC grew its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 1,485.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 496,239 shares of the company's stock after purchasing an additional 464,938 shares during the quarter. Verition Fund Management LLC owned about 0.12% of Newell Brands worth $3,811,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NWL. Principal Financial Group Inc. increased its holdings in shares of Newell Brands by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company's stock valued at $15,050,000 after purchasing an additional 82,337 shares in the last quarter. Versor Investments LP grew its position in shares of Newell Brands by 135.6% in the third quarter. Versor Investments LP now owns 98,700 shares of the company's stock valued at $758,000 after purchasing an additional 56,800 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Newell Brands by 7.7% during the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company's stock worth $9,476,000 after acquiring an additional 88,164 shares during the period. Primecap Management Co. CA grew its stake in shares of Newell Brands by 4.8% in the 3rd quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company's stock valued at $113,073,000 after buying an additional 674,015 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Newell Brands by 29.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company's stock valued at $75,753,000 after purchasing an additional 2,668,384 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Analyst Ratings Changes

NWL has been the topic of several research analyst reports. Canaccord Genuity Group boosted their price objective on Newell Brands from $12.00 to $13.00 and gave the company a "buy" rating in a report on Monday, October 28th. JPMorgan Chase & Co. dropped their target price on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Wells Fargo & Company raised their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Barclays raised Newell Brands from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. Finally, Citigroup downgraded shares of Newell Brands from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 13th. 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $9.10.

Newell Brands Stock Performance

Shares of NASDAQ:NWL traded up $0.37 during trading on Wednesday, reaching $10.08. The stock had a trading volume of 7,978,023 shares, compared to its average volume of 5,501,843. 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 fifty day simple moving average of $8.41 and a two-hundred day simple moving average of $7.60. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of -16.18, a P/E/G ratio of 0.90 and a beta of 0.90. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $10.18.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its 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 during 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 was down 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. As a group, analysts anticipate that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.78%. Newell Brands's dividend payout ratio (DPR) is currently -46.67%.

Insider Activity

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.61% of the company's stock.

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.