Quad/Graphics, Inc. (NYSE:QUAD) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.37 and last traded at $9.37, with a volume of 498 shares. The stock had previously closed at $9.75.
Separately, Zacks Investment Research raised shares of Quad/Graphics from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.50.
The firm has a market capitalization of $517.41 million, a PE ratio of 5.27 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.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 12.79%. The ex-dividend date of this dividend is Friday, May 17th. Quad/Graphics’s dividend payout ratio is 67.04%.
In related news, insider Eric N. Ashworth sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $13.14, for a total value of $197,100.00. Following the completion of the sale, the insider now directly owns 120,345 shares of the company’s stock, valued at approximately $1,581,333.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.85% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in QUAD. Bank of New York Mellon Corp grew its holdings in Quad/Graphics by 12.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 694,487 shares of the business services provider’s stock valued at $14,473,000 after buying an additional 75,383 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings in Quad/Graphics by 63.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 21,320 shares of the business services provider’s stock valued at $444,000 after buying an additional 8,244 shares in the last quarter. Morgan Stanley grew its holdings in Quad/Graphics by 71.3% during the 3rd quarter. Morgan Stanley now owns 225,355 shares of the business services provider’s stock valued at $4,696,000 after buying an additional 93,794 shares in the last quarter. Legal & General Group Plc grew its holdings in Quad/Graphics by 29.1% during the 3rd quarter. Legal & General Group Plc now owns 6,809 shares of the business services provider’s stock valued at $142,000 after buying an additional 1,536 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Quad/Graphics by 8.5% during the 4th quarter. Meeder Asset Management Inc. now owns 9,701 shares of the business services provider’s stock valued at $120,000 after buying an additional 761 shares in the last quarter. 57.30% of the stock is owned by institutional investors.
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Quad/Graphics Company Profile (NYSE:QUAD)
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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