Primecap Management Co. CA Sells 954,111 Shares of Newell Brands Inc. $NWL

Primecap Management Co. CA lowered its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 6.4% in the third quarter, Holdings Channel reports. The institutional investor owned 14,017,989 shares of the company’s stock after selling 954,111 shares during the period. Primecap Management Co. CA’s holdings in Newell Brands were worth $73,454,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Newell Brands by 29.2% during the first quarter. Royal Bank of Canada now owns 775,131 shares of the company’s stock worth $4,800,000 after acquiring an additional 175,178 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Newell Brands by 47.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 563,984 shares of the company’s stock valued at $3,497,000 after purchasing an additional 181,113 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Newell Brands by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,302,018 shares of the company’s stock worth $8,073,000 after purchasing an additional 153,658 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Newell Brands by 47.0% in the 1st quarter. Focus Partners Wealth now owns 63,846 shares of the company’s stock worth $396,000 after purchasing an additional 20,406 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Newell Brands during the 1st quarter worth about $1,326,000. Institutional investors own 92.50% of the company’s stock.

Wall Street Analyst Weigh In

NWL has been the topic of a number of research analyst reports. Royal Bank Of Canada decreased their price target on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. reduced their price objective on Newell Brands from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. UBS Group restated a “neutral” rating and issued a $5.00 target price on shares of Newell Brands in a research note on Monday, February 9th. Canaccord Genuity Group lifted their price target on Newell Brands from $7.00 to $8.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Citigroup upped their price target on shares of Newell Brands from $4.25 to $5.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Newell Brands has an average rating of “Hold” and an average price target of $6.11.

Newell Brands Stock Up 1.3%

NASDAQ NWL opened at $4.62 on Friday. The stock has a market capitalization of $1.94 billion, a P/E ratio of -6.79 and a beta of 0.93. Newell Brands Inc. has a 52 week low of $3.07 and a 52 week high of $7.02. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.57 and a current ratio of 1.07. The stock has a fifty day moving average of $4.24 and a 200-day moving average of $4.55.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. Newell Brands had a positive return on equity of 9.17% and a negative net margin of 3.96%.The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Newell Brands has set its Q1 2026 guidance at -0.120–0.080 EPS. On average, equities research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, February 27th. This represents a $0.28 annualized dividend and a dividend yield of 6.1%. Newell Brands’s payout ratio is currently -41.18%.

About Newell Brands

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.