Newell Brands Inc. (NASDAQ:NWL) Shares Purchased by Citigroup Inc.

Citigroup Inc. increased its stake in Newell Brands Inc. (NASDAQ:NWL) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,233,918 shares of the company’s stock after purchasing an additional 88,164 shares during the period. Citigroup Inc. owned 0.30% of Newell Brands worth $9,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NWL. Massachusetts Financial Services Co. MA lifted its holdings in shares of Newell Brands by 18.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock worth $127,629,000 after purchasing an additional 2,634,114 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Newell Brands during the 3rd quarter valued at approximately $3,316,000. Primecap Management Co. CA raised its holdings in shares of Newell Brands by 4.8% during the third quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company’s stock worth $113,073,000 after purchasing an additional 674,015 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Newell Brands during the third quarter worth $1,506,000. Finally, Moors & Cabot Inc. boosted its holdings in Newell Brands by 85.6% in the third quarter. Moors & Cabot Inc. now owns 49,370 shares of the company’s stock valued at $379,000 after purchasing an additional 22,768 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Citigroup lowered Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Wells Fargo & Company boosted their price target on Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Canaccord Genuity Group raised their price objective on shares of Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. 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 report on Friday, October 11th. Finally, Barclays raised shares of Newell Brands from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and a consensus price target of $9.10.

Newell Brands Stock Performance

NWL opened at $9.59 on Friday. The firm’s fifty day simple moving average is $8.31 and its two-hundred day simple moving average is $7.60. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $9.72. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -15.98, a PEG ratio of 0.88 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 quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $1.96 billion. During the same period last year, the company posted $0.39 EPS. Newell Brands’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities analysts anticipate that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands’s dividend payout ratio is currently -46.67%.

Insider Buying and Selling at Newell Brands

In other news, insider Bradford R. Turner sold 20,000 shares of the business’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 transaction, the insider now directly owns 230,254 shares in the company, valued at $2,063,075.84. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.58% of the stock is currently owned by insiders.

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.