RR Donnelley & Sons Co (RRD) Stake Lessened by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in RR Donnelley & Sons Co (NYSE:RRD) by 26.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,844 shares of the business services provider’s stock after selling 3,209 shares during the period. PNC Financial Services Group Inc.’s holdings in RR Donnelley & Sons were worth $42,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of RR Donnelley & Sons by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 976,577 shares of the business services provider’s stock valued at $5,274,000 after acquiring an additional 134,949 shares during the period. Mackay Shields LLC bought a new stake in RR Donnelley & Sons during the 4th quarter valued at $422,000. Arizona State Retirement System increased its stake in RR Donnelley & Sons by 6.0% during the 4th quarter. Arizona State Retirement System now owns 108,415 shares of the business services provider’s stock valued at $429,000 after purchasing an additional 6,119 shares in the last quarter. Two Sigma Advisers LP increased its stake in RR Donnelley & Sons by 32.4% during the 4th quarter. Two Sigma Advisers LP now owns 107,847 shares of the business services provider’s stock valued at $427,000 after purchasing an additional 26,378 shares in the last quarter. Finally, Marshall Wace North America L.P. increased its stake in RR Donnelley & Sons by 179.6% during the 3rd quarter. Marshall Wace North America L.P. now owns 31,842 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 20,453 shares in the last quarter. Institutional investors own 87.07% of the company’s stock.

Shares of NYSE RRD traded down $0.08 during trading on Friday, hitting $3.23. The stock had a trading volume of 13,511 shares, compared to its average volume of 779,308. RR Donnelley & Sons Co has a 12 month low of $3.24 and a 12 month high of $7.28. The firm has a market cap of $270.57 million, a price-to-earnings ratio of 4.68 and a beta of 1.41.

RR Donnelley & Sons (NYSE:RRD) last posted its earnings results on Tuesday, April 30th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. RR Donnelley & Sons had a negative net margin of 0.15% and a negative return on equity of 21.78%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business posted ($0.10) EPS. The business’s revenue was down 10.9% compared to the same quarter last year. Equities analysts forecast that RR Donnelley & Sons Co will post 0.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 3.72%. RR Donnelley & Sons’s payout ratio is 17.14%.

Separately, Zacks Investment Research upgraded shares of RR Donnelley & Sons from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 7th.

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RR Donnelley & Sons Company 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.

Further Reading: Dollar Cost Averaging

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

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