Virtu Financial LLC Makes New Investment in Newell Brands Inc. (NASDAQ:NWL)

Virtu Financial LLC bought a new stake in Newell Brands Inc. (NASDAQ:NWL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 29,291 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC bought a new position in Newell Brands in the second quarter valued at approximately $26,000. Quarry LP grew its stake in shares of 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 period. Innealta Capital LLC bought a new stake in Newell Brands in the second quarter valued at about $58,000. Venturi Wealth Management LLC acquired a new position in Newell Brands in the third quarter valued at about $70,000. Finally, Claro Advisors LLC bought a new position in Newell Brands during the third quarter worth about $79,000. Institutional investors own 92.50% of the company’s stock.

Insiders Place Their Bets

In other news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. This represents a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on NWL shares. Barclays raised Newell Brands from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $8.00 to $10.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lowered their target price 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 lifted their price target for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Canaccord Genuity Group upped their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company lifted their target price on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.00.

Newell Brands Stock Down 3.5 %

NWL stock opened at $10.13 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The stock has a market capitalization of $4.21 billion, a P/E ratio of -16.88, a P/E/G ratio of 1.02 and a beta of 0.90. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.78. The business has a 50-day moving average of $9.15 and a 200-day moving average of $7.83.

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

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.07 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 2.76%. Newell Brands’s payout ratio is currently -46.67%.

Newell Brands 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.