5 Best Value Stocks to Buy in 2022 According to Richard Pzena

3. Newell Brands Inc. (NASDAQ:NWL)

Number of Hedge Fund Holders: 26

P/E Ratio as of May 20: 11.58

Newell Brands Inc. (NASDAQ:NWL) is one of the top value stocks in Richard Pzena’s portfolio, with a price to earnings ratio of 11.58. Newell Brands Inc. (NASDAQ:NWL) is a producer of consumer and commercial products, operating through five segments – Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. 

Securities filings for Q1 2022 revealed that Richard Pzena’s hedge fund held 36.25 million shares of Newell Brands Inc. (NASDAQ:NWL), worth over $776 million, representing 2.93% of the total 13F portfolio. Richard Pzena initially invested in the company back in Q2 2018. 

On May 5, Newell Brands Inc. (NASDAQ:NWL) declared a quarterly dividend of $0.23 per share, in line with previous. The dividend is payable on June 15, to shareholders of the company as of May 31. Newell Brands Inc. (NASDAQ:NWL) on May 20 delivered a dividend yield of 4.73%. 

JPMorgan analyst Andrea Teixeira on March 30 maintained an Overweight rating on Newell Brands Inc. (NASDAQ:NWL) and lowered the price target on the shares to $26 from $29. With the ongoing Russia/Ukraine war and its impact on commodities costs, transportation, and currency, the analyst slashed estimates for most of the companies in the beverages and personal care space. 

In Q1 2022, billionaire Carl Icahn’s Icahn Capital LP disclosed a prominent stake in Newell Brands Inc. (NASDAQ:NWL), with 33 million shares worth $708 million. Overall, 26 hedge funds were bullish on Newell Brands Inc. (NASDAQ:NWL) in Q4 2021, with collective stakes worth $1.74 billion.