Newell Brands Inc. (NASDAQ:NWL) CEO Sells $44,968.00 in Stock

Key Points

• Newell Brands CEO Melanie Huet sold 8,800 shares of the company's stock at an average price of $5.11, amounting to $44,968, reducing her ownership by 14.47%.
• The company's stock price decreased by 0.4%, reaching $4.93, with a 52-week range between $4.22 and $11.78.
• Newell Brands reported $0.24 EPS for the last quarter, meeting analysts' expectations, but showed a 4.8% decline in revenue compared to the previous year.

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) CEO Melanie Arlene Huet sold 8,800 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the completion of the sale, the chief executive officer owned 52,007 shares in the company, valued at $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Newell Brands Trading Down 0.4%

Shares of NWL traded down $0.02 during mid-day trading on Thursday, reaching $4.93. The company's stock had a trading volume of 7,036,083 shares, compared to its average volume of 9,204,380. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The company's fifty day moving average price is $5.57 and its two-hundred day moving average price is $6.18. The stock has a market cap of $2.07 billion, a PE ratio of -8.36 and a beta of 0.96.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The firm's revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. On average, analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Newell Brands

Several institutional investors and hedge funds have recently bought and sold shares of NWL. LPL Financial LLC boosted its holdings in Newell Brands by 3.0% in the fourth quarter. LPL Financial LLC now owns 96,294 shares of the company's stock valued at $959,000 after acquiring an additional 2,808 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Newell Brands by 17.2% in the 4th quarter. JPMorgan Chase & Co. now owns 679,491 shares of the company's stock worth $6,768,000 after purchasing an additional 99,871 shares during the period. Orion Portfolio Solutions LLC bought a new stake in shares of Newell Brands during the 4th quarter valued at about $178,000. O Shaughnessy Asset Management LLC increased its position in shares of Newell Brands by 40.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 63,566 shares of the company's stock valued at $633,000 after buying an additional 18,399 shares during the period. Finally, Wellington Management Group LLP bought a new position in Newell Brands in the fourth quarter worth about $3,858,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NWL. Canaccord Genuity Group reduced their target price on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Monday. Truist Financial cut their price objective on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada reissued a "sector perform" rating and set a $9.00 target price on shares of Newell Brands in a report on Monday, April 28th. UBS Group increased their target price on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. cut their price target on Newell Brands from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Monday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.44.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.