ACCO Brands Co. (NYSE:ACCO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,304,537 shares of the industrial products company's stock after selling 167,180 shares during the quarter. Dimensional Fund Advisors LP owned about 5.71% of ACCO Brands worth $27,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACCO. Barclays PLC grew its stake in ACCO Brands by 285.3% in the third quarter. Barclays PLC now owns 148,302 shares of the industrial products company's stock worth $810,000 after purchasing an additional 109,813 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of ACCO Brands by 1.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,120,891 shares of the industrial products company's stock valued at $31,767,000 after acquiring an additional 97,086 shares during the period. SG Americas Securities LLC purchased a new position in shares of ACCO Brands in the fourth quarter worth about $107,000. JPMorgan Chase & Co. lifted its position in ACCO Brands by 56.6% during the fourth quarter. JPMorgan Chase & Co. now owns 811,629 shares of the industrial products company's stock valued at $4,261,000 after purchasing an additional 293,506 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of ACCO Brands by 2.2% in the fourth quarter. Invesco Ltd. now owns 332,881 shares of the industrial products company's stock worth $1,748,000 after buying an additional 7,020 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barrington Research decreased their price objective on shares of ACCO Brands from $7.50 to $7.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. StockNews.com lowered shares of ACCO Brands from a "buy" rating to a "hold" rating in a report on Tuesday.

ACCO Brands Stock Up 0.5 %

Shares of NYSE:ACCO traded up $0.02 on Friday, hitting $3.74. 533,015 shares of the company's stock were exchanged, compared to its average volume of 685,854. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. ACCO Brands Co. has a 1-year low of $3.41 and a 1-year high of $6.44. The firm's 50-day moving average is $4.07 and its 200 day moving average is $4.94. The company has a market capitalization of $336.97 million, a PE ratio of -3.53, a P/E/G ratio of 0.37 and a beta of 1.36.

ACCO Brands (NYSE:ACCO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $317.40 million for the quarter, compared to analysts' expectations of $318.75 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. Sell-side analysts predict that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date is Friday, May 23rd. ACCO Brands's dividend payout ratio is presently -26.55%.

ACCO Brands Company 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.