Bank of New York Mellon Corp Invests $3.51 Million in Quad Graphics, Inc $QUAD

Key Points

• Bank of New York Mellon bought 415,952 Quad Graphics shares worth approximately $3.51 million, giving it a 0.81% stake. Institutional investors collectively own 39.52% of the company.
• Quad Graphics beat quarterly expectations, reporting $0.24 in EPS versus the $0.20 estimate and $577.5 million in revenue versus the $545.15 million forecast.
• The company pays a quarterly dividend of $0.10 per share, or $0.40 annualized, for a 3.7% yield. Analysts maintain a consensus “Buy” rating with a $12 price target, while the stock recently opened at $10.69.

Bank of New York Mellon Corp purchased a new stake in shares of Quad Graphics, Inc (NYSE:QUAD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 415,952 shares of the business services provider's stock, valued at approximately $3,506,000. Bank of New York Mellon Corp owned about 0.81% of Quad Graphics at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of QUAD. AQR Capital Management LLC bought a new position in Quad Graphics in the 1st quarter worth approximately $2,101,000. Jones Financial Companies Lllp boosted its position in Quad Graphics by 1,135.6% in the 1st quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider's stock valued at $103,000 after buying an additional 17,408 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Quad Graphics by 7.3% in the 1st quarter. Empowered Funds LLC now owns 315,209 shares of the business services provider's stock valued at $1,718,000 after buying an additional 21,448 shares during the period. Focus Partners Wealth bought a new stake in shares of Quad Graphics during the first quarter worth $144,000. Finally, Geode Capital Management LLC raised its position in shares of Quad Graphics by 0.3% during the second quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider's stock worth $3,977,000 after acquiring an additional 1,837 shares during the last quarter. Institutional investors and hedge funds own 39.52% of the company's stock.

Quad Graphics Stock Down 0.1%

Shares of NYSE:QUAD opened at $10.69 on Monday. Quad Graphics, Inc has a 52 week low of $5.12 and a 52 week high of $11.15. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.60 and a current ratio of 0.87. The company has a market capitalization of $550.11 million, a PE ratio of 16.97 and a beta of 1.08. The company has a 50 day moving average price of $9.36 and a two-hundred day moving average price of $7.97.

Quad Graphics (NYSE:QUAD - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. The business had revenue of $577.50 million during the quarter, compared to analysts' expectations of $545.15 million. Quad Graphics had a net margin of 1.31% and a return on equity of 47.90%. Analysts forecast that Quad Graphics, Inc will post 1.27 earnings per share for the current year.

Quad Graphics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 17th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, August 17th. Quad Graphics's payout ratio is 63.49%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research upgraded Quad Graphics from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Quad Graphics in a research report on Friday, July 24th. Rosenblatt Securities raised their target price on shares of Quad Graphics from $9.80 to $13.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Benchmark boosted their price target on shares of Quad Graphics from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Quad Graphics presently has a consensus rating of "Buy" and a consensus price target of $12.00.

Quad Graphics Company Profile

Quad Graphics, Inc NYSE: QUAD is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company's core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.

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