Dimensional Fund Advisors LP Sells 331,826 Shares of Quad/Graphics, Inc. (NYSE:QUAD)

Dimensional Fund Advisors LP reduced its position in Quad/Graphics, Inc. (NYSE:QUAD - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,805,081 shares of the business services provider's stock after selling 331,826 shares during the period. Dimensional Fund Advisors LP owned approximately 3.46% of Quad/Graphics worth $12,581,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Quad/Graphics by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 679,717 shares of the business services provider's stock valued at $4,739,000 after buying an additional 10,681 shares during the last quarter. Heartland Advisors Inc. purchased a new position in Quad/Graphics in the 4th quarter valued at about $2,091,000. Empowered Funds LLC boosted its position in Quad/Graphics by 5.1% in the 4th quarter. Empowered Funds LLC now owns 293,761 shares of the business services provider's stock valued at $2,048,000 after buying an additional 14,275 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Quad/Graphics by 171.3% during the fourth quarter. Bank of New York Mellon Corp now owns 293,552 shares of the business services provider's stock worth $2,046,000 after purchasing an additional 185,344 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Quad/Graphics by 50.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 254,479 shares of the business services provider's stock worth $1,774,000 after purchasing an additional 85,565 shares during the last quarter. 39.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on QUAD shares. Rosenblatt Securities dropped their price objective on shares of Quad/Graphics from $10.30 to $8.90 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Barrington Research reiterated an "outperform" rating and set a $10.00 price objective on shares of Quad/Graphics in a research note on Friday, May 2nd. Finally, StockNews.com upgraded shares of Quad/Graphics from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 2nd.

Quad/Graphics Price Performance

Shares of NYSE QUAD traded down $0.12 during mid-day trading on Wednesday, reaching $5.75. 254,882 shares of the company traded hands, compared to its average volume of 246,916. Quad/Graphics, Inc. has a fifty-two week low of $4.06 and a fifty-two week high of $9.13. The company has a debt-to-equity ratio of 8.35, a current ratio of 0.85 and a quick ratio of 0.56. The firm has a market cap of $301.00 million, a PE ratio of -5.28 and a beta of 1.30. The stock has a fifty day simple moving average of $5.32 and a 200-day simple moving average of $6.45.

Quad/Graphics (NYSE:QUAD - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.13. The firm had revenue of $629.40 million during the quarter, compared to analysts' expectations of $588.05 million. Quad/Graphics had a negative net margin of 1.90% and a positive return on equity of 58.44%. Equities research analysts anticipate that Quad/Graphics, Inc. will post 1.08 EPS for the current fiscal year.

Quad/Graphics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Thursday, May 22nd. Quad/Graphics's dividend payout ratio (DPR) is currently -78.95%.

About Quad/Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.