Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by Creative Planning

Creative Planning increased its holdings in Newell Brands Inc. (NASDAQ:NWL) by 32.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 33,963 shares of the company’s stock after purchasing an additional 8,365 shares during the quarter. Creative Planning’s holdings in Newell Brands were worth $261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in shares of Newell Brands in the 2nd quarter worth approximately $26,000. Gradient Investments LLC purchased a new position in shares of Newell Brands during the second quarter worth $46,000. Quarry LP boosted its position in shares of Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after buying an additional 4,056 shares during the period. Innealta Capital LLC acquired a new stake in shares of Newell Brands in the second quarter valued at $58,000. Finally, GAMMA Investing LLC raised its holdings in shares of Newell Brands by 40.4% in the 2nd quarter. GAMMA Investing LLC now owns 11,860 shares of the company’s stock valued at $76,000 after buying an additional 3,412 shares during the period. 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 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.58% of the stock is owned by corporate insiders.

Newell Brands Price Performance

Newell Brands stock opened at $9.22 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The company has a fifty day simple moving average of $7.78 and a 200-day simple moving average of $7.45. The stock has a market cap of $3.84 billion, a P/E ratio of -15.37, a price-to-earnings-growth 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) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the business earned $0.39 EPS. Newell Brands’s revenue for the quarter was down 2.6% on a year-over-year basis. Equities analysts expect that Newell Brands Inc. 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, September 13th. Shareholders of record on Friday, August 30th were paid a $0.07 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.28 annualized dividend and a yield of 3.04%. Newell Brands’s dividend payout ratio is currently -46.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NWL. Citigroup cut Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Wells Fargo & Company raised their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a report on Monday, July 29th. Truist Financial increased their target price on shares of Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Newell Brands presently has an average rating of “Hold” and a consensus price target of $8.90.

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.