MQS Management LLC Purchases Shares of 18,924 Newell Brands Inc. (NASDAQ:NWL)

MQS Management LLC purchased a new stake in Newell Brands Inc. (NASDAQ:NWL) during the third quarter, HoldingsChannel.com reports. The firm purchased 18,924 shares of the company’s stock, valued at approximately $145,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. raised its stake in shares of Newell Brands by 5.9% in the second quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock worth $203,000 after acquiring an additional 1,762 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Newell Brands by 2.1% in the second quarter. Arizona State Retirement System now owns 116,226 shares of the company’s stock worth $745,000 after acquiring an additional 2,394 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Newell Brands by 3.0% in the first quarter. Tidal Investments LLC now owns 83,559 shares of the company’s stock worth $671,000 after acquiring an additional 2,407 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Newell Brands by 9.9% in the second quarter. Raymond James Trust N.A. now owns 27,541 shares of the company’s stock worth $177,000 after acquiring an additional 2,490 shares during the last quarter. Finally, Xcel Wealth Management LLC raised its stake in shares of Newell Brands by 8.3% in the second quarter. Xcel Wealth Management LLC now owns 32,773 shares of the company’s stock worth $210,000 after acquiring an additional 2,500 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Citigroup downgraded shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Royal Bank of Canada boosted their price target on shares of Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Finally, Truist Financial boosted their price target on shares of Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Newell Brands has an average rating of “Hold” and an average price target of $8.90.

Insider Activity

In other news, insider Bradford R. Turner sold 20,000 shares of the company’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 value of $179,200.00. Following the completion of the transaction, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.58% of the company’s stock.

Newell Brands Stock Down 1.8 %

Shares of NASDAQ NWL opened at $8.80 on Friday. The stock has a market cap of $3.66 billion, a P/E ratio of -14.67, a P/E/G ratio of 0.84 and a beta of 0.89. The firm has a 50 day moving average price of $7.94 and a 200 day moving average price of $7.51. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $9.68.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 negative net margin of 3.22% and a positive return on equity of 10.22%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. Analysts expect that Newell Brands Inc. will post 0.65 EPS for the current 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 issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

Newell Brands Company 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.