XTX Topco Ltd bought a new stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 90,584 shares of the company's stock, valued at approximately $696,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of NWL. Rothschild Investment LLC purchased a new stake in shares of Newell Brands in the second quarter worth about $26,000. Gradient Investments LLC acquired a new stake in shares of Newell Brands during the 2nd quarter worth approximately $46,000. Quarry LP grew its stake in shares of Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company's stock worth $51,000 after purchasing an additional 4,056 shares during the period. Innealta Capital LLC purchased a new position in shares of Newell Brands during the 2nd quarter valued at approximately $58,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Newell Brands in the 3rd quarter valued at $70,000. Institutional investors and hedge funds 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 company's stock in a transaction on 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 transaction, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by company insiders.
Newell Brands Stock Up 0.2 %
NWL stock traded up $0.02 during midday trading on Thursday, hitting $11.45. The company's stock had a trading volume of 5,236,029 shares, compared to its average volume of 5,552,504. The firm has a 50-day simple moving average of $8.81 and a 200-day simple moving average of $7.72. The firm has a market capitalization of $4.76 billion, a P/E ratio of -19.05, a PEG ratio of 0.95 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.78.
Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands's revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. As a group, equities analysts forecast that Newell Brands Inc. will post 0.66 EPS for the current year.
Newell Brands Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.45%. Newell Brands's dividend payout ratio is currently -46.67%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on NWL. Canaccord Genuity Group lifted their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the company a "buy" rating in a report on Friday, December 6th. Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and upped their price target for the stock from $10.00 to $17.00 in a report on Monday. Barclays raised Newell Brands from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $8.00 to $10.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. cut their price objective on Newell Brands from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Friday, October 11th. Finally, Wells Fargo & Company increased their target price 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $10.00.
Check Out Our Latest Research Report on Newell Brands
About Newell Brands
(
Free Report)
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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