MML Investors Services LLC Purchases 11,201 Shares of Newell Brands Inc. (NASDAQ:NWL)

MML Investors Services LLC lifted its holdings in Newell Brands Inc. (NASDAQ:NWL) by 35.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,821 shares of the company’s stock after purchasing an additional 11,201 shares during the quarter. MML Investors Services LLC’s holdings in Newell Brands were worth $329,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of 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 buying an additional 4,637,180 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Newell Brands by 29.2% in the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock worth $75,753,000 after acquiring an additional 2,668,384 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Newell Brands by 18.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock valued at $127,629,000 after purchasing an additional 2,634,114 shares during the period. Primecap Management Co. CA raised its position in Newell Brands by 17.7% during the second 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 during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Newell Brands by 106.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company’s stock worth $16,042,000 after purchasing an additional 1,314,514 shares during the period. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Performance

Newell Brands stock opened at $10.17 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The company has a market capitalization of $4.23 billion, a PE ratio of -16.95, a P/E/G ratio of 1.02 and a beta of 0.90. The company has a 50 day moving average price of $9.30 and a 200-day moving average price of $7.89. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.78.

Newell Brands (NASDAQ:NWL) last issued its 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 business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. As a group, equities analysts forecast that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.75%. Newell Brands’s dividend payout ratio is currently -46.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NWL. Barclays raised Newell Brands from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $8.00 to $10.00 in a research report on Wednesday, November 20th. Wells Fargo & Company raised their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. JPMorgan Chase & Co. dropped their price target 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. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and increased their price objective for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Finally, Canaccord Genuity Group upped their target price on Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.00.

Insider Transactions at Newell Brands

In other news, insider Bradford R. Turner sold 20,000 shares of the business’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 completion of the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction dated Friday, December 6th. The shares were 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. Corporate insiders own 0.58% of the company’s stock.

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.