Acco Brands Corporation (ACCO) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its holdings in shares of Acco Brands Corporation (NYSE:ACCO) by 1.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,193,361 shares of the industrial products company’s stock after purchasing an additional 108,304 shares during the quarter. Dimensional Fund Advisors LP owned 8.40% of Acco Brands Corporation worth $107,102,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in Acco Brands Corporation by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 835,159 shares of the industrial products company’s stock valued at $10,983,000 after buying an additional 35,225 shares during the period. Karp Capital Management Corp purchased a new stake in Acco Brands Corporation during the first quarter worth approximately $419,000. Ameriprise Financial Inc. grew its stake in Acco Brands Corporation by 0.4% during the first quarter. Ameriprise Financial Inc. now owns 768,809 shares of the industrial products company’s stock worth $10,110,000 after buying an additional 2,869 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in Acco Brands Corporation during the first quarter worth approximately $133,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Acco Brands Corporation during the first quarter worth approximately $112,000. 91.14% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Neal V. Fenwick acquired 12,313 shares of Acco Brands Corporation stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $10.60 per share, for a total transaction of $130,517.80. Following the transaction, the vice president now owns 423,311 shares of the company’s stock, valued at $4,487,096.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gregory J. Mccormack sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $10.95, for a total value of $273,750.00. Following the completion of the sale, the insider now owns 63,889 shares of the company’s stock, valued at approximately $699,584.55. The disclosure for this sale can be found here. 4.50% of the stock is owned by corporate insiders.
Several research firms have recently issued reports on ACCO. BWS Financial reissued a “buy” rating and issued a $18.00 price objective on shares of Acco Brands Corporation in a research report on Tuesday, July 4th. BidaskClub lowered shares of Acco Brands Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Acco Brands Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, ValuEngine raised shares of Acco Brands Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd.
Shares of Acco Brands Corporation (NYSE:ACCO) opened at 12.50 on Tuesday. The stock has a market cap of $1.36 billion, a P/E ratio of 24.90 and a beta of 1.40. The stock has a 50 day moving average price of $11.25 and a 200 day moving average price of $12.01. Acco Brands Corporation has a 12 month low of $9.06 and a 12 month high of $14.75.
Acco Brands Corporation (NYSE:ACCO) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The firm had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $497.17 million. Acco Brands Corporation had a net margin of 3.25% and a return on equity of 15.03%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. Equities analysts anticipate that Acco Brands Corporation will post $1.10 EPS for the current fiscal year.
Acco Brands Corporation Profile
ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.
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