Newell Brands Inc. (NYSE:NWL) saw unusually large options trading activity on Tuesday. Stock traders acquired 24,334 call options on the stock. This is an increase of approximately 1,001% compared to the average daily volume of 2,210 call options.

NWL has been the topic of several recent analyst reports. TheStreet lowered shares of Newell Brands from a “b-” rating to a “c+” rating in a research note on Tuesday, November 14th. BMO Capital Markets cut their price target on shares of Newell Brands from $45.00 to $32.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 7th. Forward View reaffirmed a “buy” rating and issued a $35.00 price target on shares of Newell Brands in a research note on Sunday, November 5th. Citigroup cut their price target on shares of Newell Brands from $63.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Finally, Morgan Stanley decreased their price objective on shares of Newell Brands from $54.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $49.57.

In other Newell Brands news, Director Scott S. Cowen purchased 2,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were bought at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the purchase, the director now directly owns 87,883 shares in the company, valued at approximately $3,831,698.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael B. Polk purchased 7,000 shares of Newell Brands stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $28.22 per share, with a total value of $197,540.00. Following the completion of the acquisition, the chief executive officer now owns 616,296 shares in the company, valued at $17,391,873.12. The disclosure for this purchase can be found here. Insiders bought a total of 14,100 shares of company stock valued at $507,255 in the last three months. Insiders own 0.97% of the company’s stock.

Several large investors have recently added to or reduced their stakes in NWL. Bank of New York Mellon Corp lifted its stake in shares of Newell Brands by 112.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,850,876 shares of the company’s stock worth $742,686,000 after acquiring an additional 7,331,309 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Newell Brands in the 2nd quarter valued at $124,839,000. Ameriprise Financial Inc. increased its holdings in shares of Newell Brands by 28.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,796,439 shares of the company’s stock valued at $417,953,000 after acquiring an additional 1,709,917 shares during the period. FIL Ltd purchased a new position in shares of Newell Brands in the 2nd quarter valued at $76,301,000. Finally, Vanguard Group Inc. increased its holdings in shares of Newell Brands by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 47,877,545 shares of the company’s stock valued at $2,567,193,000 after acquiring an additional 1,305,820 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Newell Brands (NYSE:NWL) opened at $30.97 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.46. Newell Brands has a 12 month low of $27.45 and a 12 month high of $55.08. The stock has a market capitalization of $15,085.28, a P/E ratio of 10.73, a PEG ratio of 1.24 and a beta of 1.20.

Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.06). The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. Newell Brands’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share. sell-side analysts anticipate that Newell Brands will post 2.81 EPS for the current fiscal year.

Newell Brands declared that its board has authorized a share repurchase plan on Tuesday, September 26th that permits the company to repurchase $256.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.97%. The ex-dividend date is Wednesday, November 29th. Newell Brands’s dividend payout ratio (DPR) is 35.52%.

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Newell Brands Company Profile

Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.

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