Cetera Investment Advisers Sells 3,088 Shares of ACCO Brands Co. (NYSE:ACCO)

Cetera Investment Advisers lowered its position in ACCO Brands Co. (NYSE:ACCO) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,547 shares of the industrial products company’s stock after selling 3,088 shares during the period. Cetera Investment Advisers’ holdings in ACCO Brands were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Burns Matteson Capital Management LLC bought a new stake in shares of ACCO Brands during the 4th quarter worth approximately $61,000. Xponance Inc. bought a new stake in ACCO Brands during the 4th quarter valued at about $65,000. Versor Investments LP bought a new stake in ACCO Brands during the 4th quarter valued at about $82,000. Syon Capital LLC bought a new stake in ACCO Brands during the 4th quarter valued at about $83,000. Finally, KLP Kapitalforvaltning AS bought a new stake in ACCO Brands during the 4th quarter valued at about $92,000. 84.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Barrington Research decreased their target price on ACCO Brands from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Friday, May 23rd.

ACCO Brands Stock Performance

ACCO stock opened at $3.57 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. The business has a 50-day moving average price of $3.79 and a 200 day moving average price of $4.75. The company has a market capitalization of $321.65 million, a P/E ratio of -3.37, a PEG ratio of 0.37 and a beta of 1.36. ACCO Brands Co. has a 1-year low of $3.41 and a 1-year high of $6.44.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The business had revenue of $317.40 million during the quarter, compared to analyst estimates of $318.75 million. As a group, equities research analysts forecast that ACCO Brands Co. will post 1.02 EPS for the current fiscal year.

ACCO Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 23rd will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 8.40%. The ex-dividend date of this dividend is Friday, May 23rd. ACCO Brands’s payout ratio is -26.55%.

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.