GAMMA Investing LLC Acquires 5,156 Shares of Newell Brands Inc. (NASDAQ:NWL)

GAMMA Investing LLC raised its holdings in Newell Brands Inc. (NASDAQ:NWL) by 34.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,158 shares of the company’s stock after buying an additional 5,156 shares during the quarter. GAMMA Investing LLC’s holdings in Newell Brands were worth $201,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP lifted its position in Newell Brands by 104.4% in the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after acquiring an additional 4,056 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Newell Brands in the third quarter worth approximately $70,000. Atomi Financial Group Inc. bought a new position in shares of Newell Brands in the third quarter valued at approximately $79,000. Claro Advisors LLC purchased a new position in shares of Newell Brands during the third quarter valued at approximately $79,000. Finally, Versant Capital Management Inc grew its holdings in Newell Brands by 24.8% during the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after buying an additional 1,666 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.

Newell Brands Stock Performance

NASDAQ:NWL opened at $10.05 on Wednesday. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $11.78. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The business has a fifty day simple moving average of $9.76 and a two-hundred day simple moving average of $8.13. The company has a market capitalization of $4.18 billion, a P/E ratio of -16.75, a P/E/G ratio of 1.02 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. On average, analysts expect that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.79%. The ex-dividend date was Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

Analyst Ratings Changes

Several equities analysts have weighed in on NWL shares. Canaccord Genuity Group lifted their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. cut their price target on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and increased their price objective for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Barclays upgraded Newell Brands from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $8.00 to $10.00 in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company increased their price target on Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Newell Brands currently has an average rating of “Hold” and a consensus target price of $10.20.

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.