Charles Schwab Investment Management Inc. Increases Stock Position in Newell Brands Inc. $NWL

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. increased its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 2.5% in the first quarter, according to 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 0.98% of Newell Brands worth $25,359,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in Newell Brands by 25.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock worth $129,249,000 after buying an additional 4,273,541 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Newell Brands by 21.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock worth $180,172,000 after purchasing an additional 3,188,718 shares during the last quarter. Primecap Management Co. CA boosted its holdings in Newell Brands by 2.5% during the first quarter. Primecap Management Co. CA now owns 14,498,030 shares of the company's stock worth $89,888,000 after purchasing an additional 351,610 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in Newell Brands by 12.0% during the fourth quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock valued at $127,091,000 after buying an additional 1,363,913 shares during the period. Finally, Northern Trust Corp boosted its stake in Newell Brands by 20.1% in the fourth quarter. Northern Trust Corp now owns 2,972,331 shares of the company's stock valued at $29,604,000 after acquiring an additional 496,780 shares during the last quarter. Institutional investors own 92.50% of the company's stock.

Insider Activity

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the completion of the sale, the chief executive officer directly owned 52,007 shares of the company's stock, valued at $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.71% of the stock is currently owned by company insiders.

Newell Brands Stock Up 0.1%

NASDAQ:NWL traded up $0.0050 during mid-day trading on Monday, hitting $5.7750. 2,097,416 shares of the company's stock were exchanged, compared to its average volume of 9,015,510. The business has a fifty day moving average price of $5.55 and a 200 day moving average price of $5.73. The company has a market cap of $2.42 billion, a PE ratio of -9.81 and a beta of 0.96. Newell Brands Inc. has a one year low of $4.22 and a one year high of $11.78. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The business's revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. 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 year.

Newell Brands Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NWL shares. Royal Bank Of Canada restated a "sector perform" rating and set a $9.00 price target on shares of Newell Brands in a research note on Monday, April 28th. Wall Street Zen upgraded shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. UBS Group raised their price objective on shares of Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Citigroup reissued a "neutral" rating and set a $6.00 price target (up from $5.00) on shares of Newell Brands in a research note on Tuesday, July 15th. Finally, Canaccord Genuity Group decreased their price target on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

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.