In this article, we discuss the top 5 stock picks of billionaire Carl Icahn. If you want our detailed analysis of Icahn’s history, investment philosophy, and hedge fund performance, go directly to Billionaire Carl Icahn Portfolio: Top 10 Stock Picks.
5. Newell Brands Inc. (NASDAQ:NWL)
Carl Icahn’s Stake Value: $967,620 ,000
Percentage of Carl Icahn’s 13F Portfolio: 4.29%
Number of Hedge Fund Holders: 26
Newell Brands Inc. (NASDAQ:NWL), one of the top stock picks of Carl Icahn from the third quarter, is an American distributor of consumer and commercial products like stationery, writing implements, baby products, fragrances, and home appliances, among other items. Newell Brands Inc. (NASDAQ:NWL) sells a number of brands under its domain. Carl Icahn owns a $967.6 million position in the company as of Q3 2021, which accounts for 4.29% of his total investments.
Pzena Investment Management is one of the leading Newell Brands Inc. (NASDAQ:NWL) stakeholders from the third quarter, holding 26.1 million shares worth $579.2 million. Overall, of the 867 hedge funds tracked by Insider Monkey in Q3, 26 funds were long Newell Brands Inc. (NASDAQ:NWL), up from 25 funds in the preceding quarter.
Newell Brands Inc. (NASDAQ:NWL), on October 29, announced earnings for Q3. The company posted a $0.54 EPS, beating estimates by $0.04. The revenue came in at $2.79 billion, up 3.26% year-over-year, exceeding estimates by $5.9 million.
JPMorgan analyst Andrea Teixeira on November 1 upgraded Newell Brands Inc. (NASDAQ:NWL) to Overweight from Neutral with a price target of $27, up from $26, which provides an 18% potential upside.