Pzena Investment Management LLC Has $488.14 Million Stake in Newell Brands Inc. (NASDAQ:NWL)

Pzena Investment Management LLC decreased its position in Newell Brands Inc. (NASDAQ:NWL) by 6.6% during the 4th quarter, HoldingsChannel.com reports. 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 biggest holding. Pzena Investment Management LLC owned 0.12% of Newell Brands worth $488,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NWL. Venturi Wealth Management LLC acquired a new stake in shares of Newell Brands in the 3rd quarter valued at about $70,000. Claro Advisors LLC acquired a new stake in shares of Newell Brands in the 3rd quarter valued at about $79,000. Smartleaf Asset Management LLC raised its stake in shares of Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock valued at $79,000 after purchasing an additional 4,617 shares during the period. Versant Capital Management Inc raised its stake in shares of Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after purchasing an additional 1,666 shares during the period. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Newell Brands in the 3rd quarter valued at about $92,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on NWL. Barclays lifted their price target on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. lifted their target price on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Citigroup lowered their target price on Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Royal Bank of Canada lowered their target price on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Monday, February 10th. Finally, Wells Fargo & Company lowered their target price on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.81.

Newell Brands Trading Down 0.3 %

Newell Brands stock opened at $6.73 on Tuesday. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $11.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The stock has a market capitalization of $2.80 billion, a P/E ratio of -12.94, a PEG ratio of 0.95 and a beta of 0.88. The stock has a 50-day simple moving average of $8.61 and a 200 day simple moving average of $8.59.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.16 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 company earned $0.22 earnings per share. Analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current 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 issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Friday, February 28th. Newell Brands’s dividend payout ratio is presently -53.85%.

Newell Brands 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.