Carl Icahn’s 2022 Portfolio: 4 Value Stock Picks

In this article we will look at 4 value stocks to buy according to billionaire investor Carl Icahn. If you want to explore similar stocks, you can go to Carl Icahn’s 2022 Portfolio: 9 Value Stock Picks.

4. Newell Brands Inc. (NYSE:NWL)

Icahn Capital’s Stake Value: $708,038,000

Percentage of Icahn Capital’s 13F Portfolio: 3.23%

PE Ratio as of May 31: 11.46

Number of Hedge Fund Holders: 31

Newell Brands Inc. (NYSE:NWL) designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company operates through five business segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. Newell Brands Inc. (NYSE:NWL) is one of the top value stock picks of Carl Icahn. As of March 31, Icahn Capital owns more than 33.07 million shares of the company which amounts to a stake of $708.03 million. The investment covers 3.23% of Carl Icahn’s 13F portfolio.

In addition to being undervalued, Newell Brands Inc. (NYSE:NWL) is also a dividend player. As of May 31, the stock has a forward PE ratio of 11.46 and a dividend yield of 4.20%. On May 5, Newell Brands Inc. (NASDAQ:NWL) declared a quarterly cash dividend of $0.23 per share. The dividend is payable on June 15 to investors of record on May 31.

On April 29, Newell Brands Inc. (NYSE:NWL) announced market-beating earnings for the fiscal first quarter of 2022. The company generated revenues of $2.39 billion, up 4.37% year over year, and outperformed Wall Street estimates by $109.54 million. The company registered an EPS of $0.36 and beat estimates by $0.09.

As of March 30, JPMorgan analyst Andrea Teixeira has a $26 price target and an Overweight rating on Newell Brands Inc. (NASDAQ:NWL).

By the end of the first quarter of 2022, 31 hedge funds were long Newell Brands Inc. (NYSE:NWL) with stakes worth $1.64 billion. This is compared to 26 hedge funds in the fourth quarter of 2021 with stakes of $1.74 billion.