LSC Communications Inc (NASDAQ:LKSD) Director Shivan S. Subramaniam bought 5,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was bought at an average cost of $17.18 per share, with a total value of $85,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of LSC Communications Inc (NASDAQ LKSD) traded down 1.28% on Friday, reaching $15.44. 211,963 shares of the company’s stock were exchanged. LSC Communications Inc has a 1-year low of $15.07 and a 1-year high of $37.40. The stock’s 50-day moving average price is $19.45 and its 200-day moving average price is $22.92. The company has a market capitalization of $538.72 million and a P/E ratio of 10.15.

LSC Communications (NASDAQ:LKSD) last released its earnings results on Thursday, August 3rd. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.68 by $0.09. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The business had revenue of $848 million for the quarter, compared to analyst estimates of $876.38 million. LSC Communications’s revenue was down 6.4% compared to the same quarter last year. Analysts anticipate that LSC Communications Inc will post $2.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.48%. The ex-dividend date is Friday, August 11th.

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Hedge funds have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC raised its stake in LSC Communications by 91.7% in the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock valued at $21,252,000 after buying an additional 404,126 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in LSC Communications by 0.4% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 705,744 shares of the company’s stock valued at $15,103,000 after buying an additional 2,473 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in LSC Communications by 4.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,825 shares of the company’s stock valued at $296,000 after buying an additional 600 shares in the last quarter. Peregrine Capital Management LLC raised its stake in LSC Communications by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 403,556 shares of the company’s stock valued at $8,636,000 after buying an additional 8,082 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in LSC Communications by 4.3% in the second quarter. Capstone Asset Management Co. now owns 15,953 shares of the company’s stock valued at $341,000 after buying an additional 656 shares in the last quarter.

A number of research analysts have issued reports on the stock. Bank of America Corporation assumed coverage on shares of LSC Communications in a report on Wednesday, May 24th. They issued a “neutral” rating and a $24.00 target price for the company. Zacks Investment Research raised shares of LSC Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. J P Morgan Chase & Co assumed coverage on shares of LSC Communications in a report on Friday, July 21st. They issued a “neutral” rating for the company. Finally, Citigroup Inc. assumed coverage on shares of LSC Communications in a report on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.00.

About LSC Communications

LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.

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