US Bancorp DE Decreases Stock Position in Newell Brands Inc. (NASDAQ:NWL)

US Bancorp DE reduced its position in Newell Brands Inc. (NASDAQ:NWL) by 3.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,112 shares of the company’s stock after selling 1,440 shares during the quarter. US Bancorp DE’s holdings in Newell Brands were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Cornerstone Wealth Group LLC bought a new position in shares of Newell Brands in the third quarter worth $143,000. Pallas Capital Advisors LLC bought a new position in shares of Newell Brands in the third quarter worth $196,000. Nisa Investment Advisors LLC boosted its holdings in shares of Newell Brands by 1,194.8% in the third quarter. Nisa Investment Advisors LLC now owns 21,300 shares of the company’s stock worth $164,000 after acquiring an additional 19,655 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Newell Brands by 5.5% in the third quarter. State of Alaska Department of Revenue now owns 237,391 shares of the company’s stock worth $1,823,000 after acquiring an additional 12,444 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Newell Brands by 105.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,995 shares of the company’s stock worth $292,000 after acquiring an additional 19,493 shares during the period. 92.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NWL has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Wells Fargo & Company lifted their price objective on Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Royal Bank of Canada lifted their price objective on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Truist Financial lifted their price objective on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.90.

Insider Transactions at Newell Brands

In other 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 directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.58% of the company’s stock.

Newell Brands Trading Down 1.1 %

Shares of NWL stock opened at $9.08 on Thursday. The firm has a market cap of $3.78 billion, a P/E ratio of -14.97, a price-to-earnings-growth ratio of 0.85 and a beta of 0.89. The business has a 50-day moving average price of $7.86 and a two-hundred day moving average price of $7.48. 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 12-month low of $5.39 and a 12-month high of $9.68.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Equities analysts anticipate 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 will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.08%. Newell Brands’s dividend payout ratio is currently -46.67%.

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.