Geode Capital Management LLC Has $6.65 Million Holdings in Quad/Graphics, Inc. (QUAD)

Geode Capital Management LLC lessened its holdings in Quad/Graphics, Inc. (NYSE:QUAD) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 539,736 shares of the business services provider’s stock after selling 21,024 shares during the quarter. Geode Capital Management LLC owned 1.04% of Quad/Graphics worth $6,648,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of QUAD. LSV Asset Management boosted its holdings in shares of Quad/Graphics by 29.9% in the 4th quarter. LSV Asset Management now owns 1,591,758 shares of the business services provider’s stock valued at $19,610,000 after purchasing an additional 366,206 shares in the last quarter. Water Island Capital LLC bought a new position in shares of Quad/Graphics in the 4th quarter valued at $2,378,000. Dimensional Fund Advisors LP lifted its stake in shares of Quad/Graphics by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,953,638 shares of the business services provider’s stock valued at $24,069,000 after acquiring an additional 186,614 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Quad/Graphics by 7.8% in the 4th quarter. BlackRock Inc. now owns 2,263,708 shares of the business services provider’s stock valued at $27,890,000 after acquiring an additional 163,714 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in shares of Quad/Graphics by 49.7% in the 4th quarter. Peregrine Capital Management LLC now owns 356,227 shares of the business services provider’s stock valued at $4,389,000 after acquiring an additional 118,197 shares during the last quarter. 56.59% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research upgraded Quad/Graphics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.50.

Shares of QUAD traded down $0.10 during trading hours on Friday, reaching $10.90. The stock had a trading volume of 255,530 shares, compared to its average volume of 461,135. The stock has a market capitalization of $566.04 million, a price-to-earnings ratio of 6.09 and a beta of 1.60. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.76 and a current ratio of 1.13. Quad/Graphics, Inc. has a 12 month low of $10.18 and a 12 month high of $24.93.

Quad/Graphics (NYSE:QUAD) last announced its earnings results on Tuesday, April 30th. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.03). The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $979.58 million. Quad/Graphics had a positive return on equity of 11.56% and a negative net margin of 0.25%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 earnings per share. As a group, equities analysts forecast that Quad/Graphics, Inc. will post 1.11 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.01%. The ex-dividend date of this dividend is Friday, May 17th. Quad/Graphics’s dividend payout ratio is currently 67.04%.

In related news, insider Eric N. Ashworth sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $13.14, for a total transaction of $197,100.00. Following the completion of the transaction, the insider now directly owns 120,345 shares of the company’s stock, valued at approximately $1,581,333.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.85% of the stock is owned by company insiders.

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Quad/Graphics Company Profile

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.

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Institutional Ownership by Quarter for Quad/Graphics (NYSE:QUAD)

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