Bank of Montreal Can Has $2.09 Million Position in Quad Graphics, Inc (QUAD)
Bank of Montreal Can raised its position in shares of Quad Graphics, Inc (NYSE:QUAD) by 6.4% during the second quarter, Holdings Channel reports. The firm owned 91,000 shares of the business services provider’s stock after buying an additional 5,500 shares during the period. Bank of Montreal Can’s holdings in Quad Graphics were worth $2,086,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Quad Graphics by 20.9% in the first quarter. Vanguard Group Inc. now owns 4,748,813 shares of the business services provider’s stock worth $119,860,000 after buying an additional 821,439 shares during the period. Advisors Asset Management Inc. increased its stake in Quad Graphics by 52.3% in the first quarter. Advisors Asset Management Inc. now owns 812,222 shares of the business services provider’s stock worth $20,500,000 after buying an additional 278,843 shares during the period. Nuveen Asset Management LLC increased its stake in Quad Graphics by 55.5% in the first quarter. Nuveen Asset Management LLC now owns 578,303 shares of the business services provider’s stock worth $14,596,000 after buying an additional 206,484 shares during the period. UBS Group AG increased its stake in Quad Graphics by 2,046.3% in the first quarter. UBS Group AG now owns 152,626 shares of the business services provider’s stock worth $3,853,000 after buying an additional 145,515 shares during the period. Finally, Norges Bank acquired a new stake in Quad Graphics during the fourth quarter worth $3,625,000. Hedge funds and other institutional investors own 52.19% of the company’s stock.
Shares of Quad Graphics, Inc (NYSE QUAD) traded up 2.44% during trading on Friday, reaching $19.30. The company had a trading volume of 310,583 shares. The stock’s 50-day moving average price is $21.94 and its 200-day moving average price is $23.97. The stock has a market capitalization of $1.00 billion, a PE ratio of 12.41 and a beta of 1.39. Quad Graphics, Inc has a 12 month low of $18.16 and a 12 month high of $29.04.
Quad Graphics (NYSE:QUAD) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.11. The business had revenue of $963.20 million during the quarter, compared to analyst estimates of $985.85 million. Quad Graphics had a return on equity of 22.79% and a net margin of 1.92%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.03 EPS. Equities analysts forecast that Quad Graphics, Inc will post $1.79 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 21st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend is Thursday, August 17th. Quad Graphics’s dividend payout ratio is presently 76.43%.
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QUAD has been the topic of a number of analyst reports. BidaskClub upgraded Quad Graphics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. TheStreet downgraded Quad Graphics from a “b-” rating to a “c+” rating in a research note on Friday, August 4th.
In related news, Director Douglas P. Buth acquired 2,600 shares of Quad Graphics stock in a transaction dated Friday, August 4th. The stock was acquired at an average cost of $18.74 per share, with a total value of $48,724.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kathryn Quadracci Flores sold 115,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $22.42, for a total value of $2,578,300.00. Following the sale, the director now directly owns 166,241 shares of the company’s stock, valued at $3,727,123.22. The disclosure for this sale can be found here. Company insiders own 12.05% of the company’s stock.
Quad Graphics Company Profile
Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products, and global paper procurement.
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