Fmr LLC Grows Holdings in Newell Brands Inc. (NASDAQ:NWL)

Fmr LLC raised its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 21.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,354,913 shares of the company’s stock after buying an additional 770,717 shares during the quarter. Fmr LLC owned about 1.05% of Newell Brands worth $33,446,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NWL. Principal Financial Group Inc. lifted its stake in shares of Newell Brands by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock worth $15,050,000 after acquiring an additional 82,337 shares during the period. Citigroup Inc. boosted its holdings in shares of Newell Brands by 7.7% during the third quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock worth $9,476,000 after purchasing an additional 88,164 shares during the period. Versor Investments LP increased its stake in shares of Newell Brands by 135.6% in the third quarter. Versor Investments LP now owns 98,700 shares of the company’s stock worth $758,000 after acquiring an additional 56,800 shares during the last quarter. Primecap Management Co. CA grew its stake in shares of Newell Brands by 4.8% in the 3rd quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company’s stock valued at $113,073,000 after buying an additional 674,015 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Newell Brands by 29.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after purchasing an additional 2,668,384 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NWL has been the topic of several analyst reports. Citigroup downgraded 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 shares of Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research 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 for the company in a report on Friday, October 11th. Barclays raised shares of 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 boosted their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. One 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 stock. Based on data from MarketBeat.com, Newell Brands has a consensus rating of “Hold” and a consensus price target of $9.30.

Newell Brands Stock Up 3.8 %

Shares of NWL stock opened at $10.31 on Monday. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of -17.18, a P/E/G ratio of 0.93 and a beta of 0.90. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $10.44. The firm has a fifty day moving average of $8.57 and a 200-day moving average of $7.64. 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 (NASDAQ:NWL) last released its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $1.95 billion during 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%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. As a group, 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 firm 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 dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.72%. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

Insider Activity at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. The trade was a 7.99 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by company insiders.

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.