Advisors Asset Management Inc. Sells 30,232 Shares of Newell Brands Inc. (NASDAQ:NWL)

Advisors Asset Management Inc. trimmed its holdings in Newell Brands Inc. (NASDAQ:NWL) by 28.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,267 shares of the company’s stock after selling 30,232 shares during the period. Advisors Asset Management Inc.’s holdings in Newell Brands were worth $578,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in Newell Brands by 4.4% during the third quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock worth $15,050,000 after purchasing an additional 82,337 shares during the last quarter. Versor Investments LP increased its holdings in Newell Brands by 135.6% in the third quarter. Versor Investments LP now owns 98,700 shares of the company’s stock valued at $758,000 after purchasing an additional 56,800 shares during the period. Dimensional Fund Advisors LP increased its holdings in Newell Brands by 29.2% in the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after purchasing an additional 2,668,384 shares during the period. ClariVest Asset Management LLC acquired a new stake in Newell Brands during the 2nd quarter worth about $596,000. Finally, Natixis Advisors LLC grew its holdings in Newell Brands by 21.5% during the 3rd quarter. Natixis Advisors LLC now owns 413,722 shares of the company’s stock worth $3,177,000 after acquiring an additional 73,292 shares during the period. 92.50% of the stock is owned by institutional investors.

Newell Brands Trading Up 2.4 %

NASDAQ:NWL opened at $9.56 on Thursday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of -15.93, a PEG ratio of 0.89 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. The company’s 50 day moving average price is $8.22 and its 200-day moving average price is $7.57. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $9.72.

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. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. On average, equities research analysts forecast that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value 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. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on NWL. Citigroup downgraded Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Wells Fargo & Company lifted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Canaccord Genuity Group boosted their price target on shares of Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Barclays upgraded shares of Newell Brands from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $8.00 to $10.00 in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. cut 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 report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.10.

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.