Newell Brands Inc. $NWL Shares Sold by Pzena Investment Management LLC

Key Points

• Pzena Investment Management LLC reduced its holdings in Newell Brands by 0.7%, owning approximately 11.58% of the company with a value of $261.2 million following the sale of 364,156 shares.
• Newell Brands reported $0.24 earnings per share for the last quarter, matching consensus estimates, but saw a 4.8% decrease in revenue compared to the same quarter last year.
• The company has declared a quarterly dividend of $0.07, which paid on September 15, reflecting a 5.8% annualized dividend yield.

Pzena Investment Management LLC cut its holdings in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,374,455 shares of the company's stock after selling 364,156 shares during the quarter. Pzena Investment Management LLC owned about 11.58% of Newell Brands worth $261,222,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Newell Brands by 399.0% in the first quarter. GAMMA Investing LLC now owns 100,589 shares of the company's stock valued at $624,000 after acquiring an additional 80,431 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Newell Brands by 212.6% in the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after acquiring an additional 4,169 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Newell Brands by 446.4% in the first quarter. SG Americas Securities LLC now owns 120,735 shares of the company's stock valued at $749,000 after acquiring an additional 98,637 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Newell Brands in the first quarter valued at about $4,057,000. Finally, NorthCrest Asset Manangement LLC purchased a new stake in shares of Newell Brands in the first quarter valued at about $183,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total value of $44,968.00. Following the sale, the chief executive officer 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NWL shares. Citigroup lowered their target price on shares of Newell Brands from $6.00 to $5.50 and set a "neutral" rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. UBS Group boosted their price objective on shares of Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Canaccord Genuity Group decreased their price objective on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $7.38.

Newell Brands Stock Down 2.8%

NWL stock opened at $4.84 on Monday. Newell Brands Inc. has a 52 week low of $4.22 and a 52 week high of $11.78. The company has a market cap of $2.03 billion, a P/E ratio of -8.20 and a beta of 1.02. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The company's 50-day moving average price is $5.54 and its 200 day moving average price is $5.47.

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

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, August 29th. Newell Brands's dividend payout ratio is -47.46%.

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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