Quad/Graphics (NYSE:QUAD) Trading Down 5.5%

Shares of Quad/Graphics, Inc. (NYSE:QUAD) traded down 5.5% during trading on Wednesday . The company traded as low as $9.78 and last traded at $9.78, 560,263 shares were traded during mid-day trading. An increase of 5% from the average session volume of 534,982 shares. The stock had previously closed at $10.35.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Quad/Graphics from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. ValuEngine upgraded shares of Quad/Graphics from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Buckingham Research cut their price objective on shares of Quad/Graphics from $30.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Quad/Graphics currently has a consensus rating of “Hold” and a consensus price target of $23.50.

The firm has a market cap of $546.45 million, a P/E ratio of 5.46 and a beta of 1.67. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 2.95. The stock’s fifty day moving average price is $8.73.

Quad/Graphics (NYSE:QUAD) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.08. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1 billion. Quad/Graphics had a negative net margin of 0.82% and a positive return on equity of 8.55%. Quad/Graphics’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, equities research analysts expect that Quad/Graphics, Inc. will post 0.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.27%. Quad/Graphics’s dividend payout ratio is currently 67.04%.

In other news, Director Kathryn Quadracci Flores sold 4,974 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.67, for a total transaction of $53,072.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Fowler sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $11.19, for a total transaction of $111,900.00. Following the sale, the director now owns 117,587 shares of the company’s stock, valued at approximately $1,315,798.53. The disclosure for this sale can be found here. Insiders have sold a total of 17,074 shares of company stock valued at $189,186 in the last 90 days. Insiders own 10.85% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in QUAD. Northern Oak Wealth Management Inc. increased its holdings in shares of Quad/Graphics by 50.0% during the 1st quarter. Northern Oak Wealth Management Inc. now owns 3,000 shares of the business services provider’s stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Quad/Graphics by 54.0% during the 2nd quarter. Bank of Montreal Can now owns 6,533 shares of the business services provider’s stock worth $51,000 after buying an additional 2,292 shares during the last quarter. Legal & General Group Plc increased its holdings in Quad/Graphics by 17.4% in the 4th quarter. Legal & General Group Plc now owns 7,992 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 1,183 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Quad/Graphics by 410.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,253 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 8,244 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new stake in Quad/Graphics in the 2nd quarter valued at approximately $130,000. Institutional investors and hedge funds own 58.59% of the company’s stock.

About Quad/Graphics (NYSE:QUAD)

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

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