Wealth Enhancement Advisory Services LLC Invests $86,000 in ACCO Brands Co. (NYSE:ACCO)

Wealth Enhancement Advisory Services LLC bought a new position in shares of ACCO Brands Co. (NYSE:ACCO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,754 shares of the industrial products company’s stock, valued at approximately $86,000.

Several other large investors also recently modified their holdings of ACCO. O Shaughnessy Asset Management LLC acquired a new stake in shares of ACCO Brands in the first quarter valued at about $810,000. Caxton Associates LP grew its stake in ACCO Brands by 421.5% in the first quarter. Caxton Associates LP now owns 150,115 shares of the industrial products company’s stock valued at $842,000 after acquiring an additional 121,331 shares during the period. Bank of Montreal Can bought a new position in shares of ACCO Brands in the second quarter valued at approximately $4,588,000. Millennium Management LLC lifted its holdings in shares of ACCO Brands by 116.1% in the second quarter. Millennium Management LLC now owns 1,173,755 shares of the industrial products company’s stock valued at $5,517,000 after purchasing an additional 630,663 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of ACCO Brands by 841.0% in the second quarter. Nisa Investment Advisors LLC now owns 16,232 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 14,507 shares in the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Pamela R. Schneider sold 19,166 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total value of $104,838.02. Following the completion of the sale, the senior vice president now owns 243,899 shares of the company’s stock, valued at approximately $1,334,127.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.30% of the company’s stock.

ACCO Brands Price Performance

Shares of NYSE ACCO opened at $6.24 on Thursday. The stock has a market cap of $579.57 million, a PE ratio of -3.30, a price-to-earnings-growth ratio of 0.50 and a beta of 1.63. ACCO Brands Co. has a fifty-two week low of $4.36 and a fifty-two week high of $6.62. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. The stock has a fifty day moving average of $5.34 and a 200-day moving average of $5.08.

ACCO Brands (NYSE:ACCO) last posted its earnings results on Thursday, October 31st. The industrial products company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. The business had revenue of $420.90 million during the quarter, compared to analysts’ expectations of $418.20 million. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. Equities research analysts anticipate that ACCO Brands Co. will post 1.04 earnings per share for the current year.

ACCO Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 4.81%. The ex-dividend date is Friday, November 15th. ACCO Brands’s dividend payout ratio (DPR) is currently -15.87%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barrington Research restated an “outperform” rating and issued a $7.00 target price on shares of ACCO Brands in a report on Wednesday, September 4th. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 10th.

ACCO Brands Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.