Newell Brands Inc. (NASDAQ:NWL) Position Lifted by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. raised its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,760,180 shares of the company's stock after purchasing an additional 1,363,913 shares during the period. 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 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new stake in Newell Brands during the fourth quarter valued at approximately $33,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Newell Brands in the fourth quarter worth $46,000. Smartleaf Asset Management LLC lifted its stake in shares of Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock valued at $79,000 after buying an additional 4,617 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Newell Brands in the 4th quarter worth $101,000. Finally, Seeds Investor LLC purchased a new stake in Newell Brands in the 4th quarter worth $105,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Trading Up 0.8%

Shares of NWL stock traded up $0.05 on Tuesday, reaching $6.06. 4,442,375 shares of the company's stock were exchanged, compared to its average volume of 7,019,614. The company's fifty day simple moving average is $5.59 and its 200 day simple moving average is $7.95. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week 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. The stock has a market capitalization of $2.53 billion, a PE ratio of -11.65, a P/E/G ratio of 0.95 and a beta of 0.92.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.54 billion. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The firm's revenue was down 5.3% on a year-over-year basis. As a group, analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 annualized dividend and a yield of 4.62%. Newell Brands's payout ratio is currently -47.46%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. UBS Group dropped their price target on Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Barclays lifted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. StockNews.com upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Finally, Canaccord Genuity Group reduced their price target on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.