RR Donnelley & Sons Co (NYSE:RRD) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in shares of RR Donnelley & Sons Co (NYSE:RRD) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 317,711 shares of the business services provider’s stock after selling 13,175 shares during the period. California Public Employees Retirement System owned approximately 0.45% of RR Donnelley & Sons worth $1,258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in RR Donnelley & Sons by 22.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,053 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 2,218 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in RR Donnelley & Sons during the 4th quarter valued at $1,257,000. Prudential Financial Inc. boosted its stake in RR Donnelley & Sons by 15.6% during the 4th quarter. Prudential Financial Inc. now owns 701,815 shares of the business services provider’s stock valued at $2,779,000 after purchasing an additional 94,916 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in RR Donnelley & Sons during the 4th quarter valued at $106,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in RR Donnelley & Sons during the 4th quarter valued at $505,000. Institutional investors and hedge funds own 87.81% of the company’s stock.

Separately, Zacks Investment Research downgraded RR Donnelley & Sons from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th.

Shares of NYSE RRD traded up $0.08 during midday trading on Wednesday, hitting $4.65. 470,255 shares of the stock traded hands, compared to its average volume of 705,252. The stock has a market capitalization of $312.36 million, a price-to-earnings ratio of 6.64 and a beta of 1.44. RR Donnelley & Sons Co has a one year low of $3.49 and a one year high of $9.36.

RR Donnelley & Sons (NYSE:RRD) last released its quarterly earnings results on Tuesday, February 26th. The business services provider reported $0.64 earnings per share for the quarter. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. RR Donnelley & Sons had a negative return on equity of 22.03% and a negative net margin of 0.16%. The company’s revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. As a group, analysts expect that RR Donnelley & Sons Co will post 0.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.58%. RR Donnelley & Sons’s payout ratio is 17.14%.

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RR Donnelley & Sons Profile

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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Institutional Ownership by Quarter for RR Donnelley & Sons (NYSE:RRD)

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