Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. reduced its position in Newell Brands Inc. (NASDAQ:NWL) by 54.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 69,102 shares of the company’s stock after selling 81,296 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Newell Brands were worth $531,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NWL. CIBC Asset Management Inc grew its stake in shares of Newell Brands by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock worth $304,000 after purchasing an additional 1,345 shares during the period. Centaurus Financial Inc. grew its stake in shares of Newell Brands by 5.9% during the 2nd quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock worth $203,000 after purchasing an additional 1,762 shares during the period. Arizona State Retirement System grew its stake in shares of Newell Brands by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 116,226 shares of the company’s stock worth $745,000 after purchasing an additional 2,394 shares during the period. Tidal Investments LLC grew its stake in shares of Newell Brands by 3.0% during the 1st quarter. Tidal Investments LLC now owns 83,559 shares of the company’s stock worth $671,000 after purchasing an additional 2,407 shares during the period. Finally, Raymond James Trust N.A. grew its stake in shares of Newell Brands by 9.9% during the 2nd quarter. Raymond James Trust N.A. now owns 27,541 shares of the company’s stock worth $177,000 after purchasing an additional 2,490 shares during the period. 92.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Canaccord Genuity Group boosted their price objective on shares of Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased 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 report on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada boosted their price objective on shares of Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.90.

Insider Transactions at Newell Brands

In related news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the sale, the insider now owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.58% of the company’s stock.

Newell Brands Price Performance

NASDAQ:NWL opened at $8.80 on Friday. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of -14.67, a price-to-earnings-growth ratio of 0.84 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The company’s 50-day moving average is $7.94 and its two-hundred day moving average is $7.50. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $9.68.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The company’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. Research analysts expect that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently disclosed 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 is Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 3.18%. 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.