Wellington Management Group LLP Lowers Stock Holdings in ACCO Brands Co. (NYSE:ACCO)

Wellington Management Group LLP decreased its holdings in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 54.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,166,938 shares of the industrial products company's stock after selling 2,609,778 shares during the period. Wellington Management Group LLP owned about 2.33% of ACCO Brands worth $11,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in ACCO. FMR LLC lifted its holdings in 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 in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of ACCO Brands during the 3rd quarter worth about $61,000. Burns Matteson Capital Management LLC purchased a new position in ACCO Brands in the 4th quarter valued at about $61,000. Y Intercept Hong Kong Ltd acquired a new stake in ACCO Brands in the 3rd quarter worth about $63,000. Finally, Xponance Inc. purchased a new stake in ACCO Brands during the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 84.56% of the company's stock.

Wall Street Analysts Forecast Growth

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

ACCO Brands Price Performance

Shares of ACCO Brands stock traded up $0.06 on Tuesday, hitting $3.78. 209,630 shares of the company were exchanged, compared to its average volume of 678,620. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The company has a 50-day moving average price of $4.53 and a 200 day moving average price of $5.13. The stock has a market capitalization of $340.12 million, a price-to-earnings ratio of -3.56, a price-to-earnings-growth ratio of 0.37 and a beta of 1.60. ACCO Brands Co. has a 1-year low of $3.47 and a 1-year high of $6.44.

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

ACCO Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a $0.075 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 7.95%. ACCO Brands's payout ratio is currently -28.30%.

About ACCO Brands

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.