US Bancorp DE Has $277,000 Position in Newell Brands Inc. (NASDAQ:NWL)

US Bancorp DE cut its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,112 shares of the company’s stock after selling 1,440 shares during the quarter. US Bancorp DE’s holdings in Newell Brands were worth $277,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NWL. Mirae Asset Global Investments Co. Ltd. bought a new stake in Newell Brands in the 1st quarter valued at $301,000. Janney Montgomery Scott LLC lifted its position in shares of Newell Brands by 15.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 77,221 shares of the company’s stock valued at $620,000 after acquiring an additional 10,240 shares during the period. Empowered Funds LLC bought a new stake in shares of Newell Brands during the 1st quarter valued at $80,000. Swiss National Bank lifted its position in shares of Newell Brands by 5.5% during the 1st quarter. Swiss National Bank now owns 817,942 shares of the company’s stock valued at $6,568,000 after acquiring an additional 42,400 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Newell Brands by 13.2% during the 1st quarter. Sei Investments Co. now owns 376,838 shares of the company’s stock valued at $3,026,000 after acquiring an additional 44,047 shares during the period. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Down 1.1 %

Shares of NASDAQ:NWL opened at $9.08 on Thursday. The business’s 50 day simple moving average is $7.86 and its two-hundred day simple moving average is $7.48. The firm has a market cap of $3.78 billion, a P/E ratio of -14.97, a PEG ratio of 0.85 and a beta of 0.89. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $9.68.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) 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 positive return on equity of 10.22% and a negative net margin of 3.22%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. As a group, research analysts forecast that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.08%. Newell Brands’s dividend payout ratio is presently -46.67%.

Insider Activity

In related news, insider Bradford R. Turner sold 20,000 shares of the 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 sale, the insider now directly owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on NWL shares. Deutsche Bank Aktiengesellschaft upped their target price on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Royal Bank of Canada upped their target price on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Canaccord Genuity Group boosted their price target on Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company boosted their price target on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Truist Financial boosted their price target on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Newell Brands currently has an average rating of “Hold” and an average target price of $8.90.

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.