Bank of New York Mellon Corp Acquires 1,439 Shares of Quad Graphics, Inc (QUAD)
Bank of New York Mellon Corp grew its holdings in shares of Quad Graphics, Inc (NYSE:QUAD) by 0.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 483,402 shares of the business services provider’s stock after purchasing an additional 1,439 shares during the period. Bank of New York Mellon Corp owned approximately 1.28% of Quad Graphics worth $11,080,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Quad Graphics by 43.3% during the second quarter. SG Americas Securities LLC now owns 11,004 shares of the business services provider’s stock valued at $252,000 after acquiring an additional 3,323 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Quad Graphics by 19.0% during the second quarter. Advisors Asset Management Inc. now owns 966,798 shares of the business services provider’s stock valued at $22,159,000 after acquiring an additional 154,576 shares in the last quarter. Rhumbline Advisers increased its position in shares of Quad Graphics by 6.3% during the second quarter. Rhumbline Advisers now owns 37,952 shares of the business services provider’s stock valued at $870,000 after acquiring an additional 2,246 shares in the last quarter. ARP Americas LLC bought a new stake in shares of Quad Graphics during the second quarter valued at approximately $214,000. Finally, Strs Ohio increased its position in shares of Quad Graphics by 2.4% during the second quarter. Strs Ohio now owns 34,200 shares of the business services provider’s stock valued at $783,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 51.66% of the company’s stock.
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A number of equities research analysts have commented on the stock. TheStreet downgraded shares of Quad Graphics from a “b-” rating to a “c+” rating in a research report on Friday, August 4th. BidaskClub downgraded shares of Quad Graphics from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.
Shares of Quad Graphics, Inc (NYSE QUAD) opened at 21.88 on Tuesday. The company has a market cap of $1.14 billion, a P/E ratio of 14.07 and a beta of 1.38. Quad Graphics, Inc has a 52-week low of $18.16 and a 52-week high of $29.04. The firm has a 50-day moving average of $19.23 and a 200-day moving average of $22.56.
Quad Graphics (NYSE:QUAD) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.11. Quad Graphics had a net margin of 1.92% and a return on equity of 22.79%. The business had revenue of $963.20 million for the quarter, compared to analyst estimates of $985.85 million. During the same quarter in the prior year, the business posted $0.03 EPS. Quad Graphics’s revenue for the quarter was down 6.7% compared to the same quarter last year. Equities research analysts forecast that Quad Graphics, Inc will post $1.79 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.20 dividend on an annualized basis and a yield of 5.49%. Quad Graphics’s payout ratio is 76.43%.
In related news, Director Douglas P. Buth purchased 2,600 shares of the business’s stock in a transaction on Friday, August 4th. The shares were acquired at an average price of $18.74 per share, for a total transaction of $48,724.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 9.28% of the company’s stock.
Quad Graphics Company Profile
Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products, and global paper procurement.
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