Newell Brands Inc. (NASDAQ:NWL) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its stake in Newell Brands Inc. (NASDAQ:NWL) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,722 shares of the company’s stock after selling 7,163 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of Newell Brands worth $1,918,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NWL. Rothschild Investment LLC purchased a new stake in Newell Brands in the 2nd quarter valued at $26,000. Gradient Investments LLC acquired a new position in Newell Brands in the second quarter valued at $46,000. Quarry LP raised its holdings in shares of Newell Brands by 104.4% in the second quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after buying an additional 4,056 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Newell Brands in the second quarter valued at about $58,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Newell Brands during the third quarter worth about $70,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NWL has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research 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 increased their price target on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Finally, Barclays upgraded shares of Newell Brands from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $8.00 to $10.00 in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Newell Brands currently has a consensus rating of “Hold” and a consensus target price of $9.30.

Insider Buying and Selling at Newell Brands

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

Newell Brands Stock Performance

Shares of NWL opened at $10.31 on Friday. 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 52-week low of $5.39 and a 52-week high of $10.44. The company has a 50-day simple moving average of $8.57 and a 200-day simple moving average of $7.65. The company has a market capitalization of $4.29 billion, a PE ratio of -17.18, a P/E/G ratio of 0.93 and a beta of 0.90.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company 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 firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share. Equities research analysts predict that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.72%. Newell Brands’s payout ratio is -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.