Newell Brands Inc. (NASDAQ:NWL) Shares Bought by Charles Schwab Investment Management Inc.
Charles Schwab Investment Management Inc. increased its stake in Newell Brands Inc. (NASDAQ:NWL) by 4.7% in Q4, owning 3,992,076 shares valued at approximately $39.76 million. Other institutional investors also raised their stakes. Newell Brands reported $0.16 EPS for the last quarter, exceeding estimates, and declared a quarterly dividend of $0.07. Analysts have mixed ratings on the stock, with an average target price of $10.81. The stock opened at $6.55, with a market cap of $2.73 billion and a P/E ratio of -12.60.
Charles Schwab Investment Management Inc. raised its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,992,076 shares of the company's stock after buying an additional 178,028 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.96% of Newell Brands worth $39,761,000 as of its most recent SEC filing.
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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Newell Brands by 4.4% during the third 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 during the period. Sigma Planning Corp increased its holdings in shares of Newell Brands by 257.8% in the 3rd quarter. Sigma Planning Corp now owns 19,322 shares of the company's stock valued at $148,000 after purchasing an additional 31,567 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Newell Brands by 3.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 273,597 shares of the company's stock valued at $2,101,000 after buying an additional 10,268 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Newell Brands in the 3rd quarter valued at approximately $117,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Newell Brands during the 3rd quarter worth $107,000. 92.50% of the stock is owned by institutional investors and hedge funds.
Newell Brands Stock Performance
Shares of NWL stock opened at $6.55 on Friday. Newell Brands Inc. has a one year low of $5.39 and a one year high of $11.78. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The stock has a market cap of $2.73 billion, a P/E ratio of -12.60, a P/E/G ratio of 0.95 and a beta of 0.88. The company has a fifty day moving average price of $8.34 and a two-hundred day moving average price of $8.56.
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Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter in the previous year, the firm earned $0.22 earnings per share. As a group, equities analysts predict that Newell Brands Inc. will post 0.72 EPS for the current year.
Newell Brands Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date was Friday, February 28th. Newell Brands's dividend payout ratio (DPR) is presently -53.85%.
Wall Street Analyst Weigh In
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Several brokerages recently commented on NWL. Barclays lifted their target price on shares of Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Royal Bank of Canada decreased their price objective on Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Monday, February 10th. Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and boosted their target price for the stock from $10.00 to $17.00 in a report on Monday, December 9th. UBS Group upped their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Newell Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.81.
Read Our Latest Analysis on Newell Brands
Newell Brands Company Profile
(Free Report)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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