Acco Brands Corporation $ACCO Stock Position Boosted by Capital Management Corp VA

Key Points

• Capital Management Corp VA increased its holdings in Acco Brands Corporation by 29.8% during Q2, making it the 8th largest holding in their portfolio with approximately 6.56% ownership valued at $21.16 million.
• Acco Brands recently declared a quarterly dividend of $0.075 per share, resulting in an annualized dividend yield of 7.9%.
• Analysts have given Acco Brands a consensus rating of Hold with a price target of $6.00, while recent evaluations include upgrades and downgrades from various research firms.

Capital Management Corp VA boosted its holdings in Acco Brands Corporation (NYSE:ACCO - Free Report) by 29.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,911,581 shares of the industrial products company's stock after buying an additional 1,358,811 shares during the period. Acco Brands accounts for approximately 3.6% of Capital Management Corp VA's holdings, making the stock its 8th largest holding. Capital Management Corp VA owned approximately 6.56% of Acco Brands worth $21,163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ACCO. Allspring Global Investments Holdings LLC lifted its holdings in shares of Acco Brands by 14.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,288,508 shares of the industrial products company's stock worth $27,988,000 after acquiring an additional 910,009 shares during the period. American Century Companies Inc. increased its position in Acco Brands by 21.7% during the first quarter. American Century Companies Inc. now owns 2,517,282 shares of the industrial products company's stock worth $10,547,000 after purchasing an additional 449,358 shares during the last quarter. Nuveen LLC purchased a new position in Acco Brands during the first quarter worth approximately $918,000. AQR Capital Management LLC boosted its holdings in shares of Acco Brands by 18.6% in the 1st quarter. AQR Capital Management LLC now owns 1,295,815 shares of the industrial products company's stock valued at $5,429,000 after purchasing an additional 202,965 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Acco Brands by 4.9% during the 1st quarter. LSV Asset Management now owns 3,243,500 shares of the industrial products company's stock valued at $13,590,000 after buying an additional 151,300 shares during the period. Institutional investors and hedge funds own 84.56% of the company's stock.

Acco Brands Stock Performance

Acco Brands stock opened at $3.80 on Wednesday. The firm has a market capitalization of $342.13 million, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.45 and a beta of 1.41. Acco Brands Corporation has a one year low of $3.32 and a one year high of $6.43. The stock's 50 day moving average price is $3.96 and its 200 day moving average price is $3.81. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.15 and a current ratio of 1.85.

Acco Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings data on Friday, March 15th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $499.40 million for the quarter. Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. As a group, sell-side analysts expect that Acco Brands Corporation will post 1.02 EPS for the current fiscal year.

Acco Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 22nd were paid a $0.075 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.30 annualized dividend and a dividend yield of 7.9%. Acco Brands's payout ratio is 63.83%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barrington Research restated an "outperform" rating and set a $6.00 price objective on shares of Acco Brands in a report on Thursday, August 14th. Zacks Research upgraded Acco Brands from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Wall Street Zen raised Acco Brands from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Acco Brands in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $6.00.

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.

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