Stock Traders Purchase Large Volume of Newell Brands Call Options (NASDAQ:NWL)

Newell Brands Inc. (NASDAQ:NWL) was the recipient of some unusual options trading on Friday. Stock traders purchased 8,613 call options on the company. This is an increase of approximately 454% compared to the average volume of 1,555 call options.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Avior Wealth Management LLC acquired a new position in Newell Brands in the third quarter valued at approximately $25,000. Quarry LP lifted its position in Newell Brands by 106.2% in the 4th quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after acquiring an additional 2,437 shares in the last quarter. NBC Securities Inc. raised its position in Newell Brands by 50.5% in the 1st quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock valued at $42,000 after buying an additional 1,780 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Newell Brands in the fourth quarter valued at approximately $45,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Newell Brands in the third quarter worth $51,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Price Performance

Shares of NASDAQ:NWL traded up $0.85 during trading on Friday, reaching $7.79. The stock had a trading volume of 9,823,179 shares, compared to its average volume of 5,106,179. The stock has a market capitalization of $3.23 billion, a PE ratio of -8.20, a P/E/G ratio of 1.39 and a beta of 0.95. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.16 and a quick ratio of 0.63. Newell Brands has a 52 week low of $6.49 and a 52 week high of $12.31. The business’s 50-day moving average price is $7.49 and its 200 day moving average price is $7.73.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.64 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) EPS. As a group, equities analysts predict that Newell Brands will post 0.56 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors 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 of this dividend was Wednesday, February 28th. Newell Brands’s dividend payout ratio is currently -29.47%.

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.