Deprince Race & Zollo Inc. Has $127.09 Million Holdings in Newell Brands Inc. (NASDAQ:NWL)

Deprince Race & Zollo Inc. lifted its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,760,180 shares of the company's stock after purchasing an additional 1,363,913 shares during the quarter. Newell Brands accounts for 2.5% of Deprince Race & Zollo Inc.'s portfolio, making the stock its largest position. Deprince Race & Zollo Inc. owned approximately 3.07% of Newell Brands worth $127,091,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NWL. PFG Investments LLC boosted its holdings in shares of Newell Brands by 6.6% during the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company's stock worth $157,000 after buying an additional 981 shares in the last quarter. TriaGen Wealth Management LLC increased its stake in shares of Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock worth $583,000 after purchasing an additional 991 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Newell Brands by 0.9% during the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after buying an additional 1,125 shares in the last quarter. Optas LLC grew its stake in Newell Brands by 11.8% in the 4th quarter. Optas LLC now owns 12,397 shares of the company's stock valued at $123,000 after buying an additional 1,306 shares in the last quarter. Finally, Accurate Wealth Management LLC raised its holdings in Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock valued at $116,000 after acquiring an additional 1,531 shares during the period. Institutional investors own 92.50% of the company's stock.

Newell Brands Stock Up 0.5 %

Shares of NASDAQ:NWL opened at $5.02 on Thursday. The stock has a fifty day simple moving average of $5.64 and a two-hundred day simple moving average of $7.99. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -9.64, a PEG ratio of 0.95 and a beta of 0.92. Newell Brands Inc. has a 12-month low of $4.22 and a 12-month high of $11.78. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The business's revenue for the quarter was down 5.3% on a year-over-year basis. On average, research analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.58%. Newell Brands's dividend payout ratio (DPR) is -47.46%.

Analyst Ratings Changes

A number of research analysts have weighed in on NWL shares. Wells Fargo & Company reduced their target price on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Canaccord Genuity Group cut their price objective on Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 1st. UBS Group dropped their target price on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. StockNews.com upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday. Finally, Citigroup reduced their price target on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $7.42.

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.

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