Newell Brands Inc. $NWL Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Newell Brands by 2.5%, bringing its total holdings to over 4 million shares valued at approximately $25 million.
• Newell Brands announced a quarterly dividend of $0.07 per share, with a yield of 5.0%, to be paid on September 15th to shareholders on record as of August 29th.
• The company has a current market cap of $2.33 billion, and its shares have seen a price range between $4.22 and $11.78 over the past year.

Charles Schwab Investment Management Inc. boosted its position in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,090,178 shares of the company's stock after buying an additional 98,102 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.98% of Newell Brands worth $25,359,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in Newell Brands in the fourth quarter valued at approximately $33,000. Farther Finance Advisors LLC boosted its position in Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock worth $38,000 after purchasing an additional 4,169 shares in the last quarter. NBC Securities Inc. boosted its position in Newell Brands by 146,542.9% in the 1st quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock worth $63,000 after purchasing an additional 10,258 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Newell Brands in the 1st quarter worth approximately $69,000. Finally, MQS Management LLC purchased a new stake in Newell Brands in the 1st quarter worth approximately $89,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Insider Buying and Selling

In related news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total value of $44,968.00. Following the completion of the transaction, the chief executive officer directly owned 52,007 shares of the company's stock, valued at approximately $265,755.77. This represents a 14.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.71% of the company's stock.

Newell Brands Price Performance

Shares of NASDAQ:NWL traded down $0.04 during midday trading on Tuesday, reaching $5.78. 8,913,394 shares of the company's stock traded hands, compared to its average volume of 8,839,169. Newell Brands Inc. has a 1 year low of $4.22 and a 1 year high of $11.78. The company has a market cap of $2.42 billion, a P/E ratio of -9.80 and a beta of 0.96. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12. The company has a fifty day simple moving average of $5.55 and a two-hundred day simple moving average of $5.72.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm posted $0.36 EPS. The business's revenue was down 4.8% on a year-over-year basis. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Equities analysts predict that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, August 29th. Newell Brands's dividend payout ratio is currently -47.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NWL shares. Wall Street Zen upgraded Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. Wells Fargo & Company upped their price objective on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. UBS Group upped their price objective on Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Canaccord Genuity Group lowered their price objective on Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Newell Brands has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

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.