UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $7.51 Million Holdings in Newell Brands Inc. $NWL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 12.9% in the second quarter, HoldingsChannel reports. The fund 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’s holdings in Newell Brands were worth $7,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Newell Brands during the 2nd quarter worth approximately $436,133,000. Pzena Investment Management LLC bought a new stake in Newell Brands in the 2nd quarter valued at $294,663,000. AQR Capital Management LLC grew its holdings in Newell Brands by 197.8% in the 4th quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock valued at $78,741,000 after buying an additional 14,059,209 shares in the last quarter. Rubric Capital Management LP acquired a new position in Newell Brands in the 3rd quarter valued at $68,120,000. Finally, Primecap Management Co. CA bought a new position in Newell Brands during the 2nd quarter worth $36,003,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Insider Buying and Selling

In other Newell Brands news, insider Bradford Turner sold 100,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $2,669,731.68. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.64% of the stock is currently owned by corporate insiders.

Newell Brands Stock Performance

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

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, July 31st. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.20 by $0.22. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. 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 predict that Newell Brands Inc. will post 0.76 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, August 31st. Newell Brands’s dividend payout ratio (DPR) is -52.83%.

Analyst Ratings Changes

NWL has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on Newell Brands from $4.00 to $5.00 and gave the stock a “sector perform” rating in a report on Monday, August 3rd. Canaccord Genuity Group raised their price target on shares of Newell Brands from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Morgan Stanley reiterated an “underweight” rating and issued a $5.75 price objective on shares of Newell Brands in a research note on Thursday, August 6th. Zacks Research downgraded shares of Newell Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Finally, Citigroup increased their target price on shares of Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.66.

Newell Brands 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.