Claro Advisors LLC Acquires New Shares in Newell Brands Inc. (NASDAQ:NWL)

Claro Advisors LLC bought a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,265 shares of the company’s stock, valued at approximately $79,000.

A number of other large investors have also recently made changes to their positions in the stock. Rothschild Investment LLC purchased a new position in Newell Brands during the 2nd quarter valued at about $26,000. Gradient Investments LLC bought a new position in shares of Newell Brands in the second quarter valued at approximately $46,000. Quarry LP grew its stake in Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after acquiring an additional 4,056 shares in the last quarter. Innealta Capital LLC bought a new stake in Newell Brands during the 2nd quarter worth approximately $58,000. Finally, Venturi Wealth Management LLC purchased a new stake in Newell Brands in the 3rd quarter worth approximately $70,000. 92.50% of the stock is owned by institutional investors.

Newell Brands Stock Performance

Newell Brands stock opened at $8.82 on Wednesday. The firm has a fifty day simple moving average of $8.02 and a two-hundred day simple moving average of $7.52. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $9.68. The company has a market capitalization of $3.67 billion, a PE ratio of -14.70, a P/E/G ratio of 0.82 and a beta of 0.89. 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 issued its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The company 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%. Newell Brands’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. Research analysts expect that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 dividend on an annualized basis and a yield of 3.17%. Newell Brands’s dividend payout ratio is currently -46.67%.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the transaction, the insider now owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NWL has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. reduced their target price 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. Canaccord Genuity Group raised their price target on Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, October 28th. Truist Financial boosted their price objective on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Finally, Citigroup lowered shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.90.

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.