Alliancebernstein L.P. Has $2.15 Million Position in ACCO Brands Co. (NYSE:ACCO)

Alliancebernstein L.P. lifted its holdings in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 663.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 410,236 shares of the industrial products company's stock after purchasing an additional 356,500 shares during the period. Alliancebernstein L.P. owned 0.44% of ACCO Brands worth $2,154,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC grew its position in shares of ACCO Brands by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,166,912 shares of the industrial products company's stock worth $11,855,000 after buying an additional 53,490 shares during the period. Barclays PLC raised its position in shares of ACCO Brands by 285.3% during the 3rd quarter. Barclays PLC now owns 148,302 shares of the industrial products company's stock valued at $810,000 after acquiring an additional 109,813 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of ACCO Brands by 21.0% in the 3rd quarter. HighTower Advisors LLC now owns 72,042 shares of the industrial products company's stock valued at $394,000 after purchasing an additional 12,508 shares during the period. FMR LLC boosted its position in shares of ACCO Brands by 123.0% in the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company's stock worth $32,000 after purchasing an additional 3,260 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in ACCO Brands by 1.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,120,891 shares of the industrial products company's stock valued at $31,767,000 after purchasing an additional 97,086 shares during the last quarter. 84.56% of the stock is owned by institutional investors.

ACCO Brands Stock Up 5.4 %

Shares of NYSE:ACCO traded up $0.20 during midday trading on Tuesday, reaching $3.79. 780,469 shares of the company were exchanged, compared to its average volume of 682,464. The stock has a fifty day simple moving average of $4.36 and a two-hundred day simple moving average of $5.06. The firm has a market cap of $341.02 million, a PE ratio of -3.57, a P/E/G ratio of 0.37 and a beta of 1.60. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. ACCO Brands Co. has a fifty-two week low of $3.47 and a fifty-two week high of $6.44.

ACCO Brands (NYSE:ACCO - Get Free Report) last issued its earnings results on Thursday, February 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.01). The firm had revenue of $448.10 million for the quarter, compared to analyst estimates of $455.06 million. ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. As a group, sell-side analysts forecast that ACCO Brands Co. will post 1.02 earnings per share for the current year.

ACCO Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.30 annualized dividend and a yield of 7.93%. ACCO Brands's dividend payout ratio is -28.30%.

Analysts Set New Price Targets

ACCO has been the topic of a number of recent analyst reports. Barrington Research reduced their target price on ACCO Brands from $7.50 to $7.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. StockNews.com upgraded shares of ACCO Brands from a "hold" rating to a "buy" rating in a report on Friday, March 28th.

ACCO Brands Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.