Newell Brands Target of Unusually High Options Trading (NASDAQ:NWL)

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) was the target of unusually large options trading on Friday. Investors bought 8,613 call options on the company. This is an increase of 454% compared to the typical daily volume of 1,555 call options.

Institutional Trading of Newell Brands

Several hedge funds and other institutional investors have recently bought and sold shares of NWL. Avior Wealth Management LLC purchased a new position in Newell Brands during the 3rd quarter valued at $25,000. Quarry LP lifted its position in shares of Newell Brands by 106.2% during the fourth quarter. Quarry LP now owns 4,731 shares of the company's stock worth $41,000 after purchasing an additional 2,437 shares during the last quarter. NBC Securities Inc. boosted its stake in shares of Newell Brands by 50.5% during the first quarter. NBC Securities Inc. now owns 5,302 shares of the company's stock valued at $42,000 after purchasing an additional 1,780 shares during the period. Quest Partners LLC bought a new position in shares of Newell Brands in the fourth quarter worth about $45,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in Newell Brands in the 3rd quarter worth about $51,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NWL. UBS Group downgraded shares of Newell Brands from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $10.00 to $8.50 in a research note on Friday, February 16th. Royal Bank of Canada decreased their target price on Newell Brands from $9.00 to $7.50 and set a "sector perform" rating for the company in a report on Monday, February 12th. JPMorgan Chase & Co. lifted their price target on shares of Newell Brands from $7.00 to $9.00 and gave the company a "neutral" rating in a report on Tuesday, January 9th. Raymond James cut shares of Newell Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, February 12th. Finally, Morgan Stanley reduced their price target on shares of Newell Brands from $8.50 to $7.75 and set an "equal weight" rating on the stock in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.13.

Newell Brands Stock Performance

NWL traded up $0.85 during trading on Friday, hitting $7.79. The company's stock had a trading volume of 9,823,179 shares, compared to its average volume of 5,106,179. The business's 50 day simple moving average is $7.49 and its 200-day simple moving average is $7.73. The firm has a market cap of $3.23 billion, a PE ratio of -8.20, a P/E/G ratio of 1.39 and a beta of 0.95. Newell Brands has a one year low of $6.49 and a one year high of $12.31. The company has a quick ratio of 0.63, a current ratio of 1.16 and a debt-to-equity ratio of 1.47.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting analysts' consensus estimates of ($0.07). Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The company had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same period last year, the firm earned ($0.06) EPS. Newell Brands's revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Newell Brands will post 0.56 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Wednesday, February 28th. Newell Brands's dividend payout ratio (DPR) is -29.47%.

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.

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