Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Versor Investments LP

Versor Investments LP cut its stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 52.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 47,300 shares of the company's stock after selling 51,400 shares during the period. Versor Investments LP's holdings in Newell Brands were worth $471,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NWL. Venturi Wealth Management LLC acquired a new stake in shares of Newell Brands in the third quarter worth approximately $70,000. Claro Advisors LLC acquired a new stake in Newell Brands during the 3rd quarter worth $79,000. Versant Capital Management Inc boosted its stake in Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock worth $83,000 after purchasing an additional 1,666 shares during the last quarter. Optas LLC purchased a new stake in shares of Newell Brands during the third quarter worth $85,000. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Newell Brands in the third quarter valued at about $92,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Trading Down 2.3 %

Shares of NASDAQ:NWL traded down $0.15 during midday trading on Monday, reaching $6.27. 10,205,587 shares of the company's stock were exchanged, compared to its average volume of 9,041,971. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -12.06, a P/E/G ratio of 0.95 and a beta of 0.89. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.78. The firm's 50 day simple moving average is $9.04 and its two-hundred day simple moving average is $8.62. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same period in the prior year, the business posted $0.22 EPS. As a group, sell-side analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.47%. Newell Brands's payout ratio is presently -53.85%.

Analysts Set New Price Targets

NWL has been the topic of a number of recent research reports. Royal Bank of Canada lowered their price target on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a research report on Monday, February 10th. Truist Financial upgraded 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. Canaccord Genuity Group reduced their price objective on Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. boosted their price objective on Newell Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Finally, Citigroup cut their target price on Newell Brands from $10.50 to $7.75 and set a "neutral" rating for the company in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $10.81.

Insider Buying and Selling

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is owned by corporate insiders.

About Newell Brands

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.