Quad/Graphics, Inc. (NYSE:QUAD) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Quad/Graphics, Inc. (NYSE:QUAD) by 2.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 669,036 shares of the business services provider’s stock after purchasing an additional 15,220 shares during the quarter. Geode Capital Management LLC owned about 1.28% of Quad/Graphics worth $3,038,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of QUAD. Inspire Investing LLC purchased a new stake in Quad/Graphics during the second quarter valued at about $850,000. Bank of Montreal Can purchased a new stake in shares of Quad/Graphics during the 2nd quarter worth about $408,000. LSV Asset Management increased its position in Quad/Graphics by 4.2% during the 2nd quarter. LSV Asset Management now owns 1,165,265 shares of the business services provider’s stock worth $6,351,000 after purchasing an additional 46,882 shares in the last quarter. Jane Street Group LLC raised its holdings in Quad/Graphics by 96.4% in the third quarter. Jane Street Group LLC now owns 85,111 shares of the business services provider’s stock valued at $386,000 after buying an additional 41,786 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in Quad/Graphics by 125.4% during the third quarter. Harbor Capital Advisors Inc. now owns 72,538 shares of the business services provider’s stock valued at $329,000 after buying an additional 40,363 shares in the last quarter. Institutional investors and hedge funds own 39.52% of the company’s stock.

Wall Street Analyst Weigh In

QUAD has been the topic of a number of research reports. StockNews.com raised shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Rosenblatt Securities raised their price objective on Quad/Graphics from $7.70 to $10.30 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Quad/Graphics in a research report on Tuesday, November 26th.

Quad/Graphics Trading Down 2.8 %

NYSE:QUAD opened at $6.53 on Tuesday. The stock has a market cap of $340.34 million, a price-to-earnings ratio of -3.96 and a beta of 1.59. Quad/Graphics, Inc. has a one year low of $4.06 and a one year high of $9.13. The company has a debt-to-equity ratio of 8.35, a quick ratio of 0.56 and a current ratio of 0.85. The business’s 50-day simple moving average is $7.38 and its 200 day simple moving average is $5.87.

Quad/Graphics (NYSE:QUAD) last announced its earnings results on Monday, October 28th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Quad/Graphics had a positive return on equity of 42.63% and a negative net margin of 2.82%. The company had revenue of $674.80 million for the quarter, compared to analyst estimates of $654.90 million. During the same period in the prior year, the company posted $0.11 EPS. As a group, sell-side analysts predict that Quad/Graphics, Inc. will post 0.84 earnings per share for the current fiscal year.

Quad/Graphics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 18th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Monday, November 18th. Quad/Graphics’s dividend payout ratio is currently -12.12%.

Quad/Graphics 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, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.