LPL Financial LLC Has $847,000 Position in ACCO Brands Co. (NYSE:ACCO)

LPL Financial LLC lessened its position in shares of ACCO Brands Co. (NYSE:ACCO) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 161,334 shares of the industrial products company’s stock after selling 19,507 shares during the period. LPL Financial LLC owned approximately 0.17% of ACCO Brands worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ACCO. FMR LLC boosted its holdings in shares of ACCO Brands by 123.0% in the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 3,260 shares in the last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of ACCO Brands during the 4th quarter worth $61,000. Xponance Inc. acquired a new stake in ACCO Brands in the fourth quarter valued at about $65,000. Somerset Trust Co grew its position in ACCO Brands by 22.1% in the fourth quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company’s stock valued at $79,000 after acquiring an additional 2,724 shares during the last quarter. Finally, Versor Investments LP acquired a new position in ACCO Brands during the fourth quarter worth about $82,000. Institutional investors and hedge funds own 84.56% of the company’s stock.

Wall Street Analysts Forecast Growth

ACCO has been the topic of a number of research analyst reports. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Friday, March 28th. Barrington Research cut their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th.

ACCO Brands Price Performance

ACCO Brands stock opened at $3.61 on Tuesday. The company has a market capitalization of $325.26 million, a PE ratio of -3.41, a P/E/G ratio of 0.37 and a beta of 1.60. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The stock has a 50-day moving average price of $4.38 and a two-hundred day moving average price of $5.07. ACCO Brands Co. has a 12 month low of $3.47 and a 12 month high of $6.44.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The business had revenue of $448.10 million during the quarter, compared to the consensus estimate of $455.06 million. Analysts expect that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 8.31%. The ex-dividend date was Friday, March 14th. ACCO Brands’s dividend payout ratio is currently -28.30%.

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.