State of Wyoming Makes New $369,000 Investment in ACCO Brands Co. (NYSE:ACCO)

State of Wyoming acquired a new stake in ACCO Brands Co. (NYSE:ACCO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 70,315 shares of the industrial products company’s stock, valued at approximately $369,000. State of Wyoming owned 0.08% of ACCO Brands at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of ACCO Brands by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,369,804 shares of the industrial products company’s stock valued at $33,441,000 after acquiring an additional 106,256 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of ACCO Brands by 1.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,120,891 shares of the industrial products company’s stock valued at $31,767,000 after acquiring an additional 97,086 shares during the period. Capital Management Corp VA boosted its position in shares of ACCO Brands by 1.3% in the fourth quarter. Capital Management Corp VA now owns 3,571,860 shares of the industrial products company’s stock valued at $18,752,000 after acquiring an additional 45,765 shares during the period. American Century Companies Inc. boosted its position in shares of ACCO Brands by 37.4% in the fourth quarter. American Century Companies Inc. now owns 2,067,924 shares of the industrial products company’s stock valued at $10,857,000 after acquiring an additional 562,985 shares during the period. Finally, Millennium Management LLC boosted its position in shares of ACCO Brands by 127.8% in the fourth quarter. Millennium Management LLC now owns 1,532,460 shares of the industrial products company’s stock valued at $8,045,000 after acquiring an additional 859,787 shares during the period. 84.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Barrington Research cut their price objective on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th.

ACCO Brands Stock Performance

Shares of ACCO opened at $3.79 on Wednesday. The firm’s 50 day simple moving average is $3.94 and its 200 day simple moving average is $4.88. The company has a market capitalization of $341.48 million, a P/E ratio of -3.58, a P/E/G ratio of 0.37 and a beta of 1.36. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. ACCO Brands Co. has a 1-year low of $3.41 and a 1-year high of $6.44.

ACCO Brands (NYSE:ACCO) last announced its earnings results on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $317.40 million for the quarter, compared to the consensus estimate of $318.75 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. Sell-side analysts forecast that ACCO Brands Co. will post 1.02 earnings per share for the current fiscal year.

ACCO Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 23rd will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date of this dividend is Friday, May 23rd. ACCO Brands’s dividend payout ratio is currently -26.55%.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.