World Investment Advisors LLC Makes New $326,000 Investment in Newell Brands Inc. (NASDAQ:NWL)

World Investment Advisors LLC bought a new stake in shares of Newell Brands Inc. (NASDAQ:NWL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,439 shares of the company’s stock, valued at approximately $326,000.

Several other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in Newell Brands by 5,324.8% during the third quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock worth $36,282,000 after purchasing an additional 4,637,180 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Newell Brands by 29.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock worth $75,753,000 after buying an additional 2,668,384 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Newell Brands by 18.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock valued at $127,629,000 after buying an additional 2,634,114 shares in the last quarter. Primecap Management Co. CA grew its stake in Newell Brands by 17.7% in the 2nd quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock valued at $90,054,000 after acquiring an additional 2,109,892 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Newell Brands by 106.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company’s stock worth $16,042,000 after acquiring an additional 1,314,514 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Newell Brands

In other Newell Brands 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 transaction of $240,666.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradford R. Turner sold 20,000 shares of the business’s 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 directly owns 230,254 shares in the company, valued at $2,063,075.84. This trade 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.

Newell Brands Stock Performance

Shares of Newell Brands stock opened at $10.13 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The business’s 50 day moving average price is $9.15 and its 200 day moving average price is $7.83. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -16.88, a PEG ratio of 1.02 and a beta of 0.90. Newell Brands Inc. has a one year low of $5.39 and a one year high of $11.78.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate 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 analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. On average, research analysts predict 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 was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.76%. Newell Brands’s dividend payout ratio (DPR) is -46.67%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Barclays raised shares of Newell Brands from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $8.00 to $10.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group boosted their price objective on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and raised their target price for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. dropped their price target 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.00.

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.