State Street Corp Increases Holdings in LSC Communications (LKSD)
State Street Corp boosted its holdings in shares of LSC Communications (NYSE:LKSD) by 34.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 838,168 shares of the company’s stock after acquiring an additional 214,943 shares during the period. State Street Corp owned about 2.40% of LSC Communications worth $17,941,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in LKSD. BlackRock Inc. raised its position in LSC Communications by 59.1% during the second quarter. BlackRock Inc. now owns 4,701,098 shares of the company’s stock worth $100,603,000 after acquiring an additional 1,746,936 shares during the last quarter. Vanguard Group Inc. raised its position in LSC Communications by 43.0% during the second quarter. Vanguard Group Inc. now owns 4,434,192 shares of the company’s stock worth $94,891,000 after acquiring an additional 1,333,143 shares during the last quarter. Northern Trust Corp raised its position in LSC Communications by 175.3% during the second quarter. Northern Trust Corp now owns 454,096 shares of the company’s stock worth $9,718,000 after acquiring an additional 289,137 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in LSC Communications by 157.9% during the second quarter. Parametric Portfolio Associates LLC now owns 318,878 shares of the company’s stock worth $6,824,000 after acquiring an additional 195,257 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in LSC Communications by 81.5% during the second quarter. Ameriprise Financial Inc. now owns 309,295 shares of the company’s stock worth $6,618,000 after acquiring an additional 138,842 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.
LSC Communications (NYSE:LKSD) opened at $15.24 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.10 and a debt-to-equity ratio of 2.47. The stock has a market cap of $531.04, a PE ratio of 7.86, a price-to-earnings-growth ratio of -3.59 and a beta of 6.07. LSC Communications has a 52-week low of $13.72 and a 52-week high of $30.74.
LSC Communications (NYSE:LKSD) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $928.67 million. LSC Communications had a net margin of 0.28% and a return on equity of 24.72%. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 earnings per share. equities analysts expect that LSC Communications will post 2.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Wednesday, November 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date is Tuesday, November 14th. LSC Communications’s dividend payout ratio is presently 344.84%.
In other news, Director Shivan S. Subramaniam acquired 3,500 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was acquired at an average price of $16.41 per share, with a total value of $57,435.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.48% of the company’s stock.
A number of equities analysts have issued reports on LKSD shares. Citigroup Inc. cut shares of LSC Communications from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. BidaskClub upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of LSC Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.00.
LSC Communications Profile
LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.
Want to see what other hedge funds are holding LKSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LSC Communications (NYSE:LKSD).
Receive News & Ratings for LSC Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSC Communications and related companies with Analyst Ratings Network's FREE daily email newsletter.