Charles Schwab Investment Management Inc. Purchases 151,772 Shares of Newell Brands Inc. (NASDAQ:NWL)

Charles Schwab Investment Management Inc. raised its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,211,350 shares of the company's stock after buying an additional 151,772 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.02% of Newell Brands worth $36,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC grew its stake in shares of Newell Brands by 4.5% in the third quarter. Pzena Investment Management LLC now owns 54,796,231 shares of the company's stock worth $494,810,000 after purchasing an additional 2,373,356 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Newell Brands by 1.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,086,983 shares of the company's stock valued at $118,175,000 after buying an additional 200,321 shares during the period. Primecap Management Co. CA raised its position in shares of Newell Brands by 35.9% during the 3rd quarter. Primecap Management Co. CA now owns 6,302,300 shares of the company's stock worth $56,910,000 after buying an additional 1,665,800 shares in the last quarter. FMR LLC lifted its stake in shares of Newell Brands by 481.6% in the 3rd quarter. FMR LLC now owns 5,406,274 shares of the company's stock worth $48,819,000 after acquiring an additional 4,476,644 shares during the period. Finally, Sasco Capital Inc. CT boosted its holdings in shares of Newell Brands by 18.5% in the third quarter. Sasco Capital Inc. CT now owns 2,991,226 shares of the company's stock valued at $27,011,000 after acquiring an additional 467,250 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

Newell Brands Price Performance

NWL remained flat at $8.22 on Tuesday. The company had a trading volume of 3,492,436 shares, compared to its average volume of 4,869,944. The company has a market capitalization of $3.41 billion, a PE ratio of -11.42, a price-to-earnings-growth ratio of 1.51 and a beta of 0.95. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 1.15. The stock's fifty day simple moving average is $7.68 and its two-hundred day simple moving average is $7.88. Newell Brands Inc. has a 12-month low of $6.49 and a 12-month high of $11.61.

Newell Brands (NASDAQ:NWL - Get Free Report) last released its earnings results on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.07). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The business's revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS. On average, sell-side analysts forecast that Newell Brands Inc. will post 0.6 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, May 31st. This represents a $0.28 annualized dividend and a dividend yield of 3.41%. Newell Brands's payout ratio is -38.89%.

Wall Street Analyst Weigh In

Several brokerages have commented on NWL. Canaccord Genuity Group boosted their price target on shares of Newell Brands from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Monday, April 29th. Barclays upgraded shares of Newell Brands from an "underweight" rating to an "equal weight" rating and set a $8.00 target price for the company in a report on Tuesday, May 14th. Wells Fargo & Company upped their price target on Newell Brands from $7.00 to $8.00 and gave the company an "equal weight" rating in a report on Monday, April 29th. Morgan Stanley reduced their price objective on Newell Brands from $8.50 to $7.75 and set an "equal weight" rating for the company in a research note on Monday, February 12th. Finally, UBS Group lowered Newell Brands from a "buy" rating to a "neutral" rating and cut their target price for the stock from $10.00 to $8.50 in a research report on Friday, February 16th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $8.70.

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.