Dimensional Fund Advisors LP Has $180.17 Million Stake in Newell Brands Inc. (NASDAQ:NWL)

Dimensional Fund Advisors LP lifted its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,089,297 shares of the company's stock after acquiring an additional 3,188,718 shares during the period. Dimensional Fund Advisors LP owned about 4.35% of Newell Brands worth $180,172,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Newell Brands by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company's stock worth $39,761,000 after acquiring an additional 178,028 shares during the period. Amundi boosted its holdings in shares of Newell Brands by 194.4% during the fourth quarter. Amundi now owns 215,597 shares of the company's stock worth $2,121,000 after purchasing an additional 142,361 shares during the period. Raymond James Financial Inc. purchased a new position in Newell Brands during the fourth quarter valued at approximately $9,877,000. Empowered Funds LLC increased its stake in Newell Brands by 751.9% in the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company's stock valued at $999,000 after buying an additional 88,483 shares during the period. Finally, AssuredPartners Investment Advisors LLC purchased a new stake in Newell Brands in the 4th quarter worth approximately $434,000. Institutional investors and hedge funds own 92.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NWL. Truist Financial dropped their price target on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Canaccord Genuity Group dropped their target price on Newell Brands from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on Newell Brands from $7.00 to $6.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada restated a "sector perform" rating and issued a $9.00 price objective on shares of Newell Brands in a report on Monday. Finally, Citigroup reduced their target price on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a research note on Monday, April 14th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Newell Brands has a consensus rating of "Hold" and a consensus target price of $7.92.

Newell Brands Stock Performance

NWL stock traded down $0.03 during midday trading on Tuesday, hitting $5.09. 2,058,343 shares of the company traded hands, compared to its average volume of 6,738,604. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The business has a 50 day simple moving average of $5.86 and a 200-day simple moving average of $8.12. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -9.78, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. Newell Brands Inc. has a twelve month low of $4.22 and a twelve month high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $0.16 earnings per share 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 business posted $0.22 earnings per share. As a group, equities research analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.51%. Newell Brands's dividend payout ratio (DPR) is presently -53.85%.

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.