Newell Brands Inc. (NASDAQ:NWL) is Deprince Race & Zollo Inc.’s Largest Position

Deprince Race & Zollo Inc. boosted its position in Newell Brands Inc. (NASDAQ:NWL) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,760,180 shares of the company’s stock after purchasing an additional 1,363,913 shares during the period. Newell Brands makes up approximately 2.5% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its biggest holding. Deprince Race & Zollo Inc.’s holdings in Newell Brands were worth $127,091,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Newell Brands by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock valued at $39,761,000 after purchasing an additional 178,028 shares in the last quarter. Amundi grew its stake in Newell Brands by 194.4% in the fourth quarter. Amundi now owns 215,597 shares of the company’s stock valued at $2,121,000 after purchasing an additional 142,361 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Newell Brands in the 4th quarter worth approximately $9,877,000. Empowered Funds LLC boosted its stake in Newell Brands by 751.9% in the fourth quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock valued at $999,000 after acquiring an additional 88,483 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC acquired a new position in shares of Newell Brands during the fourth quarter worth $434,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analyst Upgrades and Downgrades

NWL has been the subject of a number of research analyst reports. Barclays increased their price target on Newell Brands from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on Newell Brands from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. UBS Group cut their price objective on Newell Brands from $5.50 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $9.00 target price on shares of Newell Brands in a research report on Monday, April 28th. Finally, Wells Fargo & Company cut their price target on Newell Brands from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Newell Brands has an average rating of “Hold” and an average price target of $7.42.

Newell Brands Stock Performance

Newell Brands stock opened at $5.02 on Thursday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -9.64, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $5.64 and a 200-day simple moving average of $7.99. Newell Brands Inc. has a 1-year low of $4.22 and a 1-year high of $11.78.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.06. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.58%. Newell Brands’s dividend payout ratio (DPR) is -47.46%.

About Newell Brands

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.