Acco Brands Corp. (ACCO) VP Neal V. Fenwick Sells 12,500 Shares of Stock
Acco Brands Corp. (NYSE:ACCO) VP Neal V. Fenwick sold 12,500 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $12.59, for a total transaction of $157,375.00. Following the completion of the transaction, the vice president now owns 343,955 shares of the company’s stock, valued at approximately $4,330,393.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Acco Brands Corp. (NYSE:ACCO) traded down 0.39% during trading on Thursday, hitting $12.70. 525,498 shares of the company’s stock traded hands. The stock has a market cap of $1.36 billion, a P/E ratio of 11.41 and a beta of 1.41. Acco Brands Corp. has a 12-month low of $5.47 and a 12-month high of $12.95. The firm’s 50-day moving average price is $10.81 and its 200 day moving average price is $10.35.
Acco Brands Corp. (NYSE:ACCO) last announced its earnings results on Monday, October 24th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. Acco Brands Corp. had a net margin of 7.89% and a return on equity of 13.86%. The firm had revenue of $431.30 million for the quarter, compared to analyst estimates of $432.25 million. During the same quarter last year, the business earned $0.28 earnings per share. Acco Brands Corp.’s revenue was up 4.3% compared to the same quarter last year. Analysts anticipate that Acco Brands Corp. will post $0.85 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Acco Brands Corp. by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,072,739 shares of the company’s stock worth $93,719,000 after buying an additional 726,544 shares during the period. Vanguard Group Inc. raised its stake in shares of Acco Brands Corp. by 5.9% in the second quarter. Vanguard Group Inc. now owns 9,028,339 shares of the company’s stock worth $93,263,000 after buying an additional 504,681 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Acco Brands Corp. by 4.4% in the third quarter. JPMorgan Chase & Co. now owns 6,715,239 shares of the company’s stock worth $64,734,000 after buying an additional 284,370 shares during the period. Royal Bank of Canada raised its stake in shares of Acco Brands Corp. by 5.5% in the first quarter. Royal Bank of Canada now owns 5,722,751 shares of the company’s stock worth $51,390,000 after buying an additional 296,327 shares during the period. Finally, LSV Asset Management raised its stake in shares of Acco Brands Corp. by 0.9% in the second quarter. LSV Asset Management now owns 5,178,704 shares of the company’s stock worth $53,496,000 after buying an additional 46,805 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Acco Brands Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th.
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About Acco Brands Corp.
ACCO Brands Corporation is a manufacturer and marketer of office, school and calendar products, and also computer and electronic accessories. It sells its products to consumers and commercial end users through resellers, including traditional office supply resellers, wholesalers and retailers, including online retailers.
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