Charles Schwab Investment Management Inc. Has $29.29 Million Stake in Newell Brands Inc. (NASDAQ:NWL)

Charles Schwab Investment Management Inc. trimmed its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 17.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,814,048 shares of the company’s stock after selling 778,889 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.92% of Newell Brands worth $29,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in Newell Brands by 18.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock worth $127,629,000 after purchasing an additional 2,634,114 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Newell Brands by 4.8% in the 3rd quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company’s stock worth $113,073,000 after purchasing an additional 674,015 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Newell Brands by 29.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock worth $75,753,000 after purchasing an additional 2,668,384 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Newell Brands by 1.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company’s stock worth $65,558,000 after purchasing an additional 137,441 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Newell Brands by 5,324.8% in the 3rd quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock worth $36,282,000 after purchasing an additional 4,637,180 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Performance

NWL opened at $10.08 on Thursday. The stock has a market cap of $4.19 billion, a PE ratio of -16.80, a P/E/G ratio of 0.90 and a beta of 0.90. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $10.18. The stock’s 50 day simple moving average is $8.47 and its 200-day simple moving average is $7.62.

Newell Brands (NASDAQ:NWL) last released 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 business had revenue of $1.95 billion for 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 quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. Sell-side analysts forecast that Newell Brands Inc. will post 0.66 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. Shareholders of record on Friday, November 29th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is -46.67%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Citigroup lowered Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Canaccord Genuity Group boosted their target price on Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. dropped their price target on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, Barclays raised Newell Brands from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $8.00 to $10.00 in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.10.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the company’s stock in a transaction 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 in the company, valued at $2,063,075.84. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

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.