ACCO Brands Co. (NYSE:ACCO) Stock Holdings Raised by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in ACCO Brands Co. (NYSE:ACCO) by 49.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,328 shares of the industrial products company’s stock after purchasing an additional 8,663 shares during the quarter. ProShare Advisors LLC’s holdings in ACCO Brands were worth $138,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Burns Matteson Capital Management LLC acquired a new stake in ACCO Brands during the fourth quarter worth about $61,000. Xponance Inc. bought a new position in shares of ACCO Brands during the fourth quarter valued at approximately $65,000. Versor Investments LP bought a new position in shares of ACCO Brands during the fourth quarter valued at approximately $82,000. Syon Capital LLC acquired a new stake in shares of ACCO Brands during the 4th quarter worth approximately $83,000. Finally, EP Wealth Advisors LLC lifted its holdings in shares of ACCO Brands by 44.1% in the 4th quarter. EP Wealth Advisors LLC now owns 16,188 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 4,958 shares during the last quarter. Institutional investors and hedge funds own 84.56% of the company’s stock.

ACCO Brands Stock Performance

Shares of ACCO opened at $3.48 on Tuesday. 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 stock has a market cap of $313.54 million, a price-to-earnings ratio of -3.28, a PEG ratio of 0.37 and a beta of 1.36. ACCO Brands Co. has a one year low of $3.41 and a one year high of $6.44. The company has a 50-day moving average of $3.78 and a two-hundred day moving average of $4.72.

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, topping 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 analysts’ expectations of $318.75 million. On average, equities research analysts expect that ACCO Brands Co. will post 1.02 earnings per share for the current year.

ACCO Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 23rd will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.30 annualized dividend and a yield of 8.62%. ACCO Brands’s dividend payout ratio (DPR) is presently -26.55%.

Analyst Ratings Changes

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

About ACCO Brands

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.