GAMMA Investing LLC Purchases 5,156 Shares of Newell Brands Inc. (NASDAQ:NWL)

GAMMA Investing LLC grew its position in Newell Brands Inc. (NASDAQ:NWL) by 34.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,158 shares of the company’s stock after buying an additional 5,156 shares during the quarter. GAMMA Investing LLC’s holdings in Newell Brands were worth $201,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Quarry LP lifted its stake in Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after purchasing an additional 4,056 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after buying an additional 1,666 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Newell Brands in the third quarter valued at about $70,000. Claro Advisors LLC bought a new position in Newell Brands in the third quarter valued at about $79,000. Finally, Atomi Financial Group Inc. acquired a new position in Newell Brands during the third quarter worth about $79,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Price Performance

Newell Brands stock opened at $10.05 on Wednesday. The stock’s 50 day moving average is $9.76 and its 200 day moving average is $8.13. Newell Brands Inc. has a one year low of $5.39 and a one year high of $11.78. The firm has a market cap of $4.18 billion, a P/E ratio of -16.75, a P/E/G ratio of 1.02 and a beta of 0.89. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company earned $0.39 EPS. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, research analysts expect that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NWL. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and raised their price target for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Canaccord Genuity Group upped their price target on shares of Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. cut their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Wells Fargo & Company upped their target price on Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Barclays raised Newell Brands from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $8.00 to $10.00 in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Newell Brands currently has a consensus rating of “Hold” and a consensus target price of $10.20.

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.