Wellington Management Group LLP Reduces Stake in ACCO Brands Co. (NYSE:ACCO)

Wellington Management Group LLP reduced its stake in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 54.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,166,938 shares of the industrial products company's stock after selling 2,609,778 shares during the period. Wellington Management Group LLP owned 2.33% of ACCO Brands worth $11,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nebula Research & Development LLC grew its position in ACCO Brands by 8.6% in the 4th quarter. Nebula Research & Development LLC now owns 59,572 shares of the industrial products company's stock valued at $313,000 after purchasing an additional 4,732 shares during the period. EP Wealth Advisors LLC raised its stake in shares of ACCO Brands by 44.1% in the fourth 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. HighTower Advisors LLC lifted its holdings in shares of ACCO Brands by 7.1% in the fourth quarter. HighTower Advisors LLC now owns 77,190 shares of the industrial products company's stock valued at $405,000 after purchasing an additional 5,148 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of ACCO Brands by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 933,820 shares of the industrial products company's stock valued at $4,903,000 after buying an additional 5,400 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in ACCO Brands by 4.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 127,987 shares of the industrial products company's stock worth $672,000 after buying an additional 5,503 shares in the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wall Street Zen upgraded ACCO Brands from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Barrington Research reduced their price objective on shares of 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

Shares of ACCO Brands stock traded up $0.05 during trading hours on Wednesday, hitting $3.67. 655,554 shares of the company's stock traded hands, compared to its average volume of 706,730. The stock has a market capitalization of $330.66 million, a price-to-earnings ratio of -3.46, a PEG ratio of 0.37 and a beta of 1.36. ACCO Brands Co. has a 12-month low of $3.41 and a 12-month high of $6.44. 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 company has a fifty day simple moving average of $3.76 and a 200-day simple moving average of $4.71.

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

ACCO Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 23rd will be paid 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 8.17%. ACCO Brands's payout ratio is -26.55%.

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.