Parametric Portfolio Associates LLC Grows Stake in CSS Industries, Inc. (CSS)
Parametric Portfolio Associates LLC lifted its holdings in CSS Industries, Inc. (NYSE:CSS) by 16.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,348 shares of the specialty retailer’s stock after acquiring an additional 5,086 shares during the quarter. Parametric Portfolio Associates LLC owned 0.40% of CSS Industries worth $951,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in CSS. KBC Group NV increased its stake in shares of CSS Industries by 2.8% in the second quarter. KBC Group NV now owns 6,147 shares of the specialty retailer’s stock worth $161,000 after acquiring an additional 168 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in CSS Industries during the second quarter valued at $330,000. Citigroup Inc. grew its position in CSS Industries by 59.7% during the second quarter. Citigroup Inc. now owns 13,870 shares of the specialty retailer’s stock valued at $363,000 after buying an additional 5,183 shares during the period. California Public Employees Retirement System grew its position in CSS Industries by 26.5% during the second quarter. California Public Employees Retirement System now owns 14,300 shares of the specialty retailer’s stock valued at $374,000 after buying an additional 3,000 shares during the period. Finally, Teachers Advisors LLC grew its position in CSS Industries by 24.2% during the second quarter. Teachers Advisors LLC now owns 23,548 shares of the specialty retailer’s stock valued at $616,000 after buying an additional 4,592 shares during the period. Hedge funds and other institutional investors own 82.28% of the company’s stock.
Shares of CSS Industries, Inc. (NYSE:CSS) opened at $27.08 on Friday. The company has a market cap of $246.74, a price-to-earnings ratio of 23.15 and a beta of 1.06. CSS Industries, Inc. has a 52-week low of $23.16 and a 52-week high of $30.29.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.80 annualized dividend and a yield of 2.95%. CSS Industries’s dividend payout ratio is presently 35.24%.
Separately, TheStreet lowered shares of CSS Industries from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th.
About CSS Industries
CSS Industries, Inc is a consumer products company, which is engaged in the design, manufacture, procurement, distribution and sale of non-durable all occasion and seasonal social expression products, principally to mass market retailers in the United States and Canada. The Company’s occasion and seasonal products include classroom exchange Valentines, infant products, journals, buttons, gift wrap, floral accessories, craft and educational products, Easter egg dyes and novelties, memory books, scrapbooks, stickers, stationery and other items.
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