Aperio Group LLC Cuts Stake in Quad Graphics, Inc (QUAD)
Aperio Group LLC lowered its position in Quad Graphics, Inc (NYSE:QUAD) by 8.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,570 shares of the business services provider’s stock after selling 1,531 shares during the period. Aperio Group LLC’s holdings in Quad Graphics were worth $380,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Quad Graphics by 20.9% in the first quarter. Vanguard Group Inc. now owns 4,748,813 shares of the business services provider’s stock worth $119,860,000 after buying an additional 821,439 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Quad Graphics by 11.1% in the first quarter. Dimensional Fund Advisors LP now owns 953,750 shares of the business services provider’s stock worth $24,072,000 after buying an additional 95,130 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Quad Graphics by 52.3% in the first quarter. Advisors Asset Management Inc. now owns 812,222 shares of the business services provider’s stock worth $20,500,000 after buying an additional 278,843 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Quad Graphics by 55.5% in the first quarter. Nuveen Asset Management LLC now owns 578,303 shares of the business services provider’s stock worth $14,596,000 after buying an additional 206,484 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Quad Graphics by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 481,963 shares of the business services provider’s stock worth $12,165,000 after buying an additional 16,650 shares during the period. 51.70% of the stock is currently owned by institutional investors.
Quad Graphics, Inc (NYSE:QUAD) traded up 0.294% during mid-day trading on Wednesday, hitting $18.785. 36,200 shares of the company were exchanged. The company has a market cap of $977.59 million, a price-to-earnings ratio of 12.080 and a beta of 1.39. Quad Graphics, Inc has a 12-month low of $18.16 and a 12-month high of $29.04. The stock’s 50 day moving average is $20.86 and its 200-day moving average is $23.44.
Quad Graphics (NYSE:QUAD) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.11. The business had revenue of $963.20 million for the quarter, compared to analyst estimates of $985.85 million. Quad Graphics had a return on equity of 22.79% and a net margin of 1.92%. Quad Graphics’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. Equities research analysts predict that Quad Graphics, Inc will post $1.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 21st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.41%. The ex-dividend date is Thursday, August 17th. Quad Graphics’s dividend payout ratio (DPR) is presently 76.43%.
QUAD has been the topic of a number of research reports. BidaskClub raised shares of Quad Graphics from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. TheStreet cut shares of Quad Graphics from a “b-” rating to a “c+” rating in a report on Friday, August 4th.
In other news, Director Douglas P. Buth bought 2,600 shares of the company’s stock in a transaction on Friday, August 4th. The stock was purchased at an average cost of $18.74 per share, for a total transaction of $48,724.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathryn Quadracci Flores sold 115,000 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $22.42, for a total value of $2,578,300.00. Following the completion of the transaction, the director now owns 166,241 shares of the company’s stock, valued at $3,727,123.22. The disclosure for this sale can be found here. Company 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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