25,851 Shares in Newell Brands Inc. (NASDAQ:NWL) Acquired by United Services Automobile Association

United Services Automobile Association acquired a new stake in Newell Brands Inc. (NASDAQ:NWL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 25,851 shares of the company’s stock, valued at approximately $257,000.

A number of other institutional investors have also recently modified their holdings of NWL. Charles Schwab Investment Management Inc. lifted its position in Newell Brands by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock worth $39,761,000 after purchasing an additional 178,028 shares during the period. Amundi raised its position in shares of Newell Brands by 194.4% in the 4th quarter. Amundi now owns 215,597 shares of the company’s stock valued at $2,121,000 after buying an additional 142,361 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Newell Brands during the 4th quarter worth approximately $9,877,000. Empowered Funds LLC boosted its position in shares of Newell Brands by 751.9% during the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock worth $999,000 after acquiring an additional 88,483 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Newell Brands by 7.7% in the third 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 during the last quarter. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Up 4.3 %

Shares of NASDAQ NWL opened at $6.73 on Tuesday. The company has a 50 day simple moving average of $7.94 and a 200 day simple moving average of $8.54. 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 1 year low of $5.39 and a 1 year high of $11.78. The firm has a market cap of $2.80 billion, a PE ratio of -12.94, a price-to-earnings-growth ratio of 0.95 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last issued 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 negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter last year, the firm earned $0.22 EPS. On average, research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.16%. Newell Brands’s dividend payout ratio (DPR) is presently -53.85%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NWL shares. UBS Group upped their target price on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Wells Fargo & Company reduced their price objective on Newell Brands from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Canaccord Genuity Group decreased their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Royal Bank of Canada dropped their target price on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.81.

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.