Dimensional Fund Advisors LP increased its position in shares of Quad Graphics, Inc (NYSE:QUAD) by 11.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 953,750 shares of the business services provider’s stock after buying an additional 95,130 shares during the period. Dimensional Fund Advisors LP owned approximately 1.83% of Quad Graphics worth $24,072,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. US Bancorp DE increased its position in Quad Graphics by 17.9% in the first quarter. US Bancorp DE now owns 4,878 shares of the business services provider’s stock worth $123,000 after buying an additional 739 shares in the last quarter. Creative Planning increased its position in Quad Graphics by 35.6% in the first quarter. Creative Planning now owns 5,715 shares of the business services provider’s stock worth $144,000 after buying an additional 1,500 shares in the last quarter. Schroder Investment Management Group bought a new position in Quad Graphics during the first quarter worth approximately $229,000. Wedge Capital Management L L P NC bought a new position in Quad Graphics during the first quarter worth approximately $276,000. Finally, Globeflex Capital L P increased its position in Quad Graphics by 15.8% in the first quarter. Globeflex Capital L P now owns 11,005 shares of the business services provider’s stock worth $278,000 after buying an additional 1,500 shares in the last quarter. 52.19% of the stock is owned by institutional investors.
Quad Graphics, Inc (NYSE QUAD) traded up 1.74% on Tuesday, hitting $19.26. 41,603 shares of the stock were exchanged. The company’s 50-day moving average is $22.70 and its 200-day moving average is $24.33. Quad Graphics, Inc has a 52 week low of $19.15 and a 52 week high of $29.50. The company has a market cap of $953.37 million, a PE ratio of 12.39 and a beta of 1.39.
Quad Graphics (NYSE:QUAD) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.11. Quad Graphics had a return on equity of 22.79% and a net margin of 1.92%. The firm had revenue of $963.20 million during the quarter, compared to analyst estimates of $985.85 million. During the same period last year, the company posted $0.03 EPS. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, analysts predict that Quad Graphics, Inc will post $1.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 21st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.34%. Quad Graphics’s dividend payout ratio (DPR) is presently 76.43%.
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QUAD has been the subject of a number of research analyst reports. TheStreet downgraded shares of Quad Graphics from a “b-” rating to a “c+” rating in a research note on Friday. BidaskClub raised shares of Quad Graphics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th.
In other news, Director Kathryn Quadracci Flores sold 115,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $22.42, for a total transaction of $2,578,300.00. Following the completion of the sale, the director now directly owns 166,241 shares of the company’s stock, valued at approximately $3,727,123.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas P. Buth purchased 2,600 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were purchased at an average cost of $18.74 per share, with a total value of $48,724.00. The disclosure for this purchase can be found here. 9.28% of the stock is owned by company insiders.
About Quad Graphics
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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