9,146 Shares in Newell Brands Inc. (NASDAQ:NWL) Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC purchased a new position in Newell Brands Inc. (NASDAQ:NWL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,146 shares of the company’s stock, valued at approximately $70,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rothschild Investment LLC bought a new stake in shares of Newell Brands in the second quarter worth about $26,000. Gradient Investments LLC bought a new stake in Newell Brands in the 2nd quarter worth approximately $46,000. Quarry LP raised its holdings in shares of Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after acquiring an additional 4,056 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Newell Brands in the second quarter valued at $58,000. Finally, GAMMA Investing LLC increased its position in Newell Brands by 40.4% in the second quarter. GAMMA Investing LLC now owns 11,860 shares of the company’s stock worth $76,000 after purchasing an additional 3,412 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction 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 sale, the insider now owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NWL has been the subject of a number of recent research reports. Canaccord Genuity Group lifted 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. reduced their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Citigroup lowered Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Royal Bank of Canada raised their price target on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Newell Brands presently has a consensus rating of “Hold” and a consensus price target of $8.90.

Newell Brands Price Performance

Newell Brands stock opened at $8.96 on Friday. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -14.93, a price-to-earnings-growth ratio of 0.85 and a beta of 0.89. The firm has a 50-day moving average of $7.89 and a two-hundred day moving average of $7.49. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $9.68. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50.

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, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $1.95 billion during 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%. Newell Brands’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, research analysts forecast that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently -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.