Quad Graphics, Inc $QUAD is Miller Value Partners LLC’s 5th Largest Position

Miller Value Partners LLC raised its holdings in Quad Graphics, Inc (NYSE:QUAD) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,737,890 shares of the business services provider’s stock after buying an additional 114,415 shares during the quarter. Quad Graphics comprises 6.0% of Miller Value Partners LLC’s holdings, making the stock its 5th largest position. Miller Value Partners LLC owned 5.38% of Quad Graphics worth $17,167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co purchased a new stake in Quad Graphics in the fourth quarter valued at about $26,000. State of Alaska Department of Revenue purchased a new position in shares of Quad Graphics in the fourth quarter worth about $29,000. BNP Paribas Financial Markets raised its stake in shares of Quad Graphics by 113.1% in the third quarter. BNP Paribas Financial Markets now owns 5,688 shares of the business services provider’s stock worth $36,000 after purchasing an additional 3,019 shares during the last quarter. HRT Financial LP purchased a new position in shares of Quad Graphics in the fourth quarter worth about $74,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Quad Graphics in the third quarter worth about $75,000. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

Quad Graphics Trading Up 1.1%

Shares of NYSE:QUAD opened at $7.55 on Thursday. Quad Graphics, Inc has a 52-week low of $5.01 and a 52-week high of $8.64. The stock has a market cap of $389.33 million, a price-to-earnings ratio of 13.48 and a beta of 1.15. The company has a quick ratio of 0.65, a current ratio of 0.94 and a debt-to-equity ratio of 3.04. The business has a 50-day moving average price of $7.44 and a 200-day moving average price of $6.78.

Quad Graphics (NYSE:QUAD) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $581.07 million. Quad Graphics had a return on equity of 47.27% and a net margin of 1.16%. Equities analysts predict that Quad Graphics, Inc will post 1.2 EPS for the current year.

Quad Graphics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Thursday, May 21st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 5.3%. The ex-dividend date was Thursday, May 21st. Quad Graphics’s dividend payout ratio (DPR) is currently 71.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QUAD. Wall Street Zen upgraded Quad Graphics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 29th. Benchmark began coverage on Quad Graphics in a research note on Tuesday, April 7th. They issued a “buy” rating and a $10.00 price objective for the company. Rosenblatt Securities raised their price objective on Quad Graphics from $8.20 to $9.80 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Quad Graphics in a research note on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.93.

About Quad Graphics

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.