Charles Schwab Investment Management Inc. Reduces Position in ACCO Brands Co. (NYSE:ACCO)

Charles Schwab Investment Management Inc. trimmed its stake in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,218,431 shares of the industrial products company's stock after selling 441,144 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.31% of ACCO Brands worth $6,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. FMR LLC boosted its stake in shares of ACCO Brands by 123.0% during the third quarter. FMR LLC now owns 5,911 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 3,260 shares during the period. EP Wealth Advisors LLC purchased a new stake in ACCO Brands during the 3rd quarter valued at $61,000. Y Intercept Hong Kong Ltd bought a new stake in ACCO Brands in the 3rd quarter worth $63,000. Burns Matteson Capital Management LLC bought a new stake in ACCO Brands in the 4th quarter worth $61,000. Finally, Somerset Trust Co increased its position in shares of ACCO Brands by 22.1% in the fourth quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company's stock valued at $79,000 after acquiring an additional 2,724 shares during the period. 84.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com raised ACCO Brands from a "hold" rating to a "buy" rating in a research note on Friday. Barrington Research cut their price objective on ACCO Brands from $7.50 to $7.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th.

Remove Ads

ACCO Brands Trading Down 3.0 %

NYSE ACCO traded down $0.14 during trading on Friday, hitting $4.38. The company had a trading volume of 677,459 shares, compared to its average volume of 661,071. The company's fifty day moving average is $4.90 and its 200-day moving average is $5.27. ACCO Brands Co. has a one year low of $4.30 and a one year high of $6.44. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The company has a market cap of $406.35 million, a price-to-earnings ratio of -4.13, a price-to-earnings-growth ratio of 0.37 and a beta of 1.74.

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

ACCO Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors 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 6.86%. ACCO Brands's payout ratio is -28.30%.

ACCO Brands Company 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.