Newell Brands Inc. (NASDAQ:NWL) Stake Lessened by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 49,010,425 shares of the company's stock after selling 3,456,287 shares during the period. Newell Brands makes up 1.7% of Pzena Investment Management LLC's investment portfolio, making the stock its 25th largest holding. Pzena Investment Management LLC owned 11.78% of Newell Brands worth $488,144,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Newell Brands by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company's stock valued at $15,050,000 after acquiring an additional 82,337 shares in the last quarter. Empowered Funds LLC increased its holdings in Newell Brands by 751.9% during the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company's stock valued at $999,000 after acquiring an additional 88,483 shares in the last quarter. Citigroup Inc. increased its holdings in Newell Brands by 7.7% during the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company's stock valued at $9,476,000 after acquiring an additional 88,164 shares in the last quarter. Versor Investments LP increased its holdings in Newell Brands by 135.6% during the 3rd quarter. Versor Investments LP now owns 98,700 shares of the company's stock valued at $758,000 after acquiring an additional 56,800 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in Newell Brands during the 4th quarter valued at about $762,000. Institutional investors and hedge funds own 92.50% of the company's stock.

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Wall Street Analyst Weigh In

NWL has been the subject of several recent research reports. Barclays raised their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Wells Fargo & Company lowered their price target on shares of Newell Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. UBS Group lifted their price target on shares of Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Finally, Canaccord Genuity Group lowered their price target on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.81.

Newell Brands Trading Up 0.6 %

NWL stock traded up $0.04 during midday trading on Friday, reaching $6.55. 10,844,217 shares of the company's stock traded hands, compared to its average volume of 9,225,805. The company has a market capitalization of $2.73 billion, a P/E ratio of -12.60, a PEG ratio of 0.95 and a beta of 0.88. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.78. The business has a 50-day moving average price of $8.41 and a two-hundred day moving average price of $8.55.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the previous year, the business earned $0.22 EPS. Equities research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.27%. Newell Brands's dividend payout ratio is currently -53.85%.

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.