Amalgamated Bank Cuts Position in Newell Brands Inc. (NASDAQ:NWL)

Amalgamated Bank reduced its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 26.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 129,167 shares of the company’s stock after selling 46,177 shares during the period. Amalgamated Bank’s holdings in Newell Brands were worth $992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Primecap Management Co. CA increased its stake in Newell Brands by 17.7% in the 2nd quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock valued at $90,054,000 after purchasing an additional 2,109,892 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Newell Brands by 29.2% in the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after buying an additional 2,668,384 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Newell Brands by 1.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company’s stock worth $65,558,000 after buying an additional 137,441 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Newell Brands by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,820,147 shares of the company’s stock worth $18,077,000 after buying an additional 215,759 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Newell Brands by 106.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company’s stock valued at $16,042,000 after acquiring an additional 1,314,514 shares during the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Newell Brands

In related news, insider Bradford R. Turner sold 20,000 shares of the firm’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 transaction, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NWL shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a report on Monday, July 29th. Royal Bank of Canada increased their target price on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a report on Monday, July 29th. Citigroup cut Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Canaccord Genuity Group increased their price objective on Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. dropped their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.90.

Newell Brands Stock Down 1.3 %

NWL opened at $8.96 on Friday. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $9.68. The business has a 50-day moving average of $7.89 and a two-hundred day moving average of $7.49. 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 stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -15.13, a price-to-earnings-growth ratio of 0.85 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last released 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 firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. Newell Brands’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. On average, research analysts expect that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Friday, November 29th. Newell Brands’s payout ratio is currently -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.