UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 181,947 Shares of Newell Brands Inc. $NWL

Key Points

• UBS Asset Management reduced its Newell Brands stake by 12.9%, selling 181,947 shares and retaining 1.22 million shares, or approximately 0.29% of the company. Institutional investors collectively own 92.5% of NWL.
• Newell Brands reported quarterly EPS of $0.42, beating estimates of $0.20, while revenue rose 3% year over year to $1.99 billion. The company issued third-quarter EPS guidance of $0.18–$0.20 and full-year guidance of $0.73–$0.77.
• The company declared a quarterly dividend of $0.07 per share, representing an annualized yield of about 4.6%. Analysts maintain a consensus “Hold” rating with an average price target of $6.66, versus the stock’s reported price of $6.11.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 12.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,223,869 shares of the company's stock after selling 181,947 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of Newell Brands worth $7,515,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NWL. Intech Investment Management LLC lifted its stake in Newell Brands by 510.3% in the 4th quarter. Intech Investment Management LLC now owns 483,491 shares of the company's stock valued at $1,799,000 after acquiring an additional 404,269 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Newell Brands in the first quarter valued at $638,000. Weiss Asset Management LP bought a new position in Newell Brands in the first quarter valued at $1,261,000. Pzena Investment Management LLC acquired a new stake in Newell Brands in the 2nd quarter valued at $294,663,000. Finally, Jupiter Topco LLC acquired a new stake in Newell Brands in the 2nd quarter valued at $1,162,000. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Performance

Newell Brands stock opened at $6.11 on Tuesday. Newell Brands Inc. has a 52 week low of $3.07 and a 52 week high of $7.13. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11. The stock has a market capitalization of $2.60 billion, a P/E ratio of -11.53, a PEG ratio of 1.51 and a beta of 0.89. The stock has a 50-day simple moving average of $5.72 and a 200 day simple moving average of $4.70.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.22. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. Analysts expect that Newell Brands Inc. will post 0.76 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.28 annualized dividend and a yield of 4.6%. Newell Brands's dividend payout ratio (DPR) is currently -52.83%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NWL shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $6.00 price objective on shares of Newell Brands in a research note on Monday, August 3rd. Wall Street Zen raised Newell Brands from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Citigroup upped their target price on Newell Brands from $5.50 to $6.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Royal Bank Of Canada increased their price target on Newell Brands from $4.00 to $5.00 and gave the company a "sector perform" rating in a research report on Monday, August 3rd. Finally, Morgan Stanley restated an "underweight" rating and issued a $5.75 price target on shares of Newell Brands in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Newell Brands currently has an average rating of "Hold" and a consensus target price of $6.66.

Insider Transactions at Newell Brands

In other Newell Brands news, insider Bradford Turner sold 100,000 shares of Newell Brands stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the transaction, the insider directly owned 433,398 shares of the company's stock, valued at $2,669,731.68. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.64% of the stock is owned by corporate insiders.

Newell Brands Company Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company's business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.

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