United Services Automobile Association Takes $257,000 Position in Newell Brands Inc. (NASDAQ:NWL)

United Services Automobile Association acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,851 shares of the company’s stock, valued at approximately $257,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in Newell Brands by 4.7% in 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 acquiring an additional 178,028 shares in the last quarter. Amundi lifted its position in shares of Newell Brands by 194.4% in the fourth quarter. Amundi now owns 215,597 shares of the company’s stock worth $2,121,000 after purchasing an additional 142,361 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Newell Brands during the fourth quarter worth $9,877,000. Empowered Funds LLC grew its position 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 purchasing an additional 88,483 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Newell Brands by 7.7% in the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock valued at $9,476,000 after buying an additional 88,164 shares during the last quarter. 92.50% of the stock is owned by institutional investors.

Newell Brands Stock Performance

NASDAQ NWL opened at $6.73 on Tuesday. The stock has a market cap of $2.80 billion, a PE ratio of -12.94, a P/E/G ratio of 0.95 and a beta of 0.88. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The firm has a 50-day moving average of $7.94 and a 200-day moving average of $8.54. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.78.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, sell-side analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.16%. Newell Brands’s payout ratio is presently -53.85%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup decreased their price objective on Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a report on Monday, February 10th. Barclays boosted their price target on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Royal Bank of Canada cut their price objective on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a report on Monday, February 10th. UBS Group boosted their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company cut their price target on shares of Newell Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Newell Brands currently has an average rating of “Hold” and a consensus target price of $10.81.

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.