Vanguard Group Inc. increased its stake in shares of CSS Industries, Inc. (NYSE:CSS) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 333,334 shares of the specialty retailer’s stock after purchasing an additional 7,314 shares during the quarter. Vanguard Group Inc. owned 3.67% of CSS Industries worth $8,720,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brandes Investment Partners LP increased its position in shares of CSS Industries by 183.7% during the 2nd quarter. Brandes Investment Partners LP now owns 91,134 shares of the specialty retailer’s stock valued at $2,514,000 after purchasing an additional 59,013 shares during the last quarter. Citigroup Inc. grew its position in CSS Industries by 59.7% in the 2nd quarter. Citigroup Inc. now owns 13,870 shares of the specialty retailer’s stock valued at $363,000 after acquiring an additional 5,183 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in CSS Industries by 26.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 41,207 shares of the specialty retailer’s stock valued at $1,078,000 after acquiring an additional 8,688 shares during the last quarter. First Manhattan Co. grew its position in CSS Industries by 48.8% in the 2nd quarter. First Manhattan Co. now owns 137,255 shares of the specialty retailer’s stock valued at $3,590,000 after acquiring an additional 45,000 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in CSS Industries by 24.2% in the 2nd quarter. Teachers Advisors LLC now owns 23,548 shares of the specialty retailer’s stock valued at $616,000 after acquiring an additional 4,592 shares during the last quarter. 81.09% of the stock is currently owned by hedge funds and other institutional investors.

Separately, TheStreet downgraded CSS Industries from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th.

CSS Industries, Inc. (NYSE:CSS) opened at $27.23 on Friday. The company has a market capitalization of $248.84, a price-to-earnings ratio of 23.34 and a beta of 1.06. CSS Industries, Inc. has a 12-month low of $23.16 and a 12-month high of $30.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.94%. The ex-dividend date is Thursday, November 30th. CSS Industries’s dividend payout ratio (DPR) is presently 35.24%.

TRADEMARK VIOLATION NOTICE: This story was reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.watchlistnews.com/vanguard-group-inc-has-8-72-million-stake-in-css-industries-inc-css/1725699.html.

CSS Industries Company Profile

CSS Industries, Inc is a consumer products company, which is engaged in the design, manufacture, procurement, distribution and sale of non-durable all occasion and seasonal social expression products, principally to mass market retailers in the United States and Canada. The Company’s occasion and seasonal products include classroom exchange Valentines, infant products, journals, buttons, gift wrap, floral accessories, craft and educational products, Easter egg dyes and novelties, memory books, scrapbooks, stickers, stationery and other items.

Institutional Ownership by Quarter for CSS Industries (NYSE:CSS)

Receive News & Ratings for CSS Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSS Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.