Shell Asset Management Co. bought a new position in Quad/Graphics, Inc. (NYSE:QUAD) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 23,833 shares of the business services provider’s stock, valued at approximately $497,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new stake in Quad/Graphics in the 2nd quarter worth approximately $400,000. Sun Life Financial INC purchased a new stake in Quad/Graphics in the 2nd quarter worth approximately $183,000. SG Americas Securities LLC lifted its stake in Quad/Graphics by 48.3% in the 2nd quarter. SG Americas Securities LLC now owns 9,265 shares of the business services provider’s stock worth $193,000 after purchasing an additional 3,019 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Quad/Graphics in the 2nd quarter worth approximately $329,000. Finally, WBI Investments Inc. purchased a new stake in Quad/Graphics in the 3rd quarter worth approximately $372,000. Institutional investors and hedge funds own 52.99% of the company’s stock.
QUAD has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Quad/Graphics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, August 22nd. Sanford C. Bernstein cut shares of Quad/Graphics from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 23rd. ValuEngine cut shares of Quad/Graphics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Buckingham Research increased their target price on shares of Quad/Graphics from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $28.50.
Quad/Graphics (NYSE:QUAD) last issued its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. Quad/Graphics had a return on equity of 18.09% and a net margin of 2.03%. Quad/Graphics’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. Research analysts expect that Quad/Graphics, Inc. will post 1.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Monday, November 19th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date was Friday, November 16th. Quad/Graphics’s payout ratio is 66.67%.
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Quad/Graphics, Inc provides print and marketing services in the United States, Europe, Latin America, and internationally. It operates through United States Print and Related Services, and International segments. The company offers printing services, including 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 paper procurement services.
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