ACCO Brands Co. (NYSE:ACCO) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its holdings in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 132.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,331 shares of the industrial products company's stock after purchasing an additional 83,428 shares during the period. Mackenzie Financial Corp owned about 0.16% of ACCO Brands worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Burns Matteson Capital Management LLC acquired a new stake in ACCO Brands in the 4th quarter valued at about $61,000. Xponance Inc. acquired a new stake in ACCO Brands in the 4th quarter valued at about $65,000. Versor Investments LP acquired a new stake in ACCO Brands in the 4th quarter valued at about $82,000. Syon Capital LLC acquired a new stake in ACCO Brands in the 4th quarter valued at about $83,000. Finally, EP Wealth Advisors LLC raised its holdings in 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 valued at $85,000 after acquiring an additional 4,958 shares during the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.

ACCO Brands Trading Up 1.2%

Shares of NYSE:ACCO traded up $0.05 during mid-day trading on Thursday, reaching $3.70. 847,801 shares of the company were exchanged, compared to its average volume of 705,245. 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 firm has a market cap of $332.92 million, a price-to-earnings ratio of -3.49, a P/E/G ratio of 0.37 and a beta of 1.36. The firm's 50-day simple moving average is $3.73 and its 200 day simple moving average is $4.69. ACCO Brands Co. has a 1 year low of $3.41 and a 1 year high of $6.44.

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 for the quarter, topping analysts' consensus estimates 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 firm had revenue of $317.40 million during the quarter, compared to analysts' expectations of $318.75 million. Equities research analysts forecast that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 23rd will be paid a $0.075 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 8.12%. ACCO Brands's dividend payout ratio is presently -26.55%.

Wall Street Analyst Weigh In

A number of research firms have commented on ACCO. Wall Street Zen upgraded shares of ACCO Brands from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Barrington Research cut their price objective on shares of ACCO Brands from $7.00 to $6.00 and set an "outperform" rating for the company in a report on Friday, May 23rd.

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.