US Bancorp DE lowered its stake in LSC Communications Inc (NASDAQ:LKSD) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,045 shares of the company’s stock after selling 31 shares during the period. US Bancorp DE’s holdings in LSC Communications were worth $129,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Nuveen Asset Management LLC raised its stake in LSC Communications by 91.7% in the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock valued at $21,252,000 after buying an additional 404,126 shares during the period. Louisiana State Employees Retirement System raised its stake in LSC Communications by 4.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,825 shares of the company’s stock valued at $296,000 after buying an additional 600 shares during the period. Peregrine Capital Management LLC raised its stake in LSC Communications by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 403,556 shares of the company’s stock valued at $8,636,000 after buying an additional 8,082 shares during the period. Capstone Asset Management Co. raised its stake in LSC Communications by 4.3% in the second quarter. Capstone Asset Management Co. now owns 15,953 shares of the company’s stock valued at $341,000 after buying an additional 656 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in LSC Communications by 85.3% in the second quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock valued at $142,000 after buying an additional 3,062 shares during the period.

Shares of LSC Communications Inc (NASDAQ:LKSD) traded down 1.64% during mid-day trading on Tuesday, reaching $15.57. The company’s stock had a trading volume of 54,403 shares. The company has a market capitalization of $543.25 million and a price-to-earnings ratio of 10.24. LSC Communications Inc has a 1-year low of $15.07 and a 1-year high of $37.40. The company’s 50 day moving average price is $18.65 and its 200-day moving average price is $22.51.

LSC Communications (NASDAQ:LKSD) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.09. The business had revenue of $848 million for the quarter, compared to the consensus estimate of $876.38 million. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The firm’s revenue was down 6.4% compared to the same quarter last year. Analysts predict that LSC Communications Inc will post $2.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, August 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.32%.

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Several analysts recently commented on LKSD shares. Citigroup Inc. started coverage on LSC Communications in a report on Tuesday, May 30th. They set a “neutral” rating and a $23.00 target price on the stock. J P Morgan Chase & Co started coverage on LSC Communications in a report on Friday, July 21st. They set a “neutral” rating on the stock. Zacks Investment Research lowered LSC Communications from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Finally, Bank of America Corporation started coverage on LSC Communications in a report on Wednesday, May 24th. They set a “neutral” rating and a $24.00 target price on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $24.00.

In other LSC Communications news, Director Shivan S. Subramaniam purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were bought at an average price of $17.18 per share, with a total value of $85,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

About LSC Communications

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.

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Institutional Ownership by Quarter for LSC Communications (NASDAQ:LKSD)

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