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

State of Wyoming purchased a new position in shares of ACCO Brands Co. (NYSE:ACCO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 70,315 shares of the industrial products company’s stock, valued at approximately $369,000.

Several other large investors have also recently made changes to their positions in ACCO. JPMorgan Chase & Co. raised its stake in shares of ACCO Brands by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 518,123 shares of the industrial products company’s stock worth $2,834,000 after acquiring an additional 16,714 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of ACCO Brands during the fourth quarter worth approximately $107,000. Robeco Institutional Asset Management B.V. raised its stake in shares of ACCO Brands by 135.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 577,039 shares of the industrial products company’s stock worth $3,029,000 after acquiring an additional 331,537 shares in the last quarter. DMC Group LLC raised its stake in shares of ACCO Brands by 9.5% during the fourth quarter. DMC Group LLC now owns 28,783 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 2,496 shares in the last quarter. Finally, EMC Capital Management increased its stake in shares of ACCO Brands by 65.0% in the fourth quarter. EMC Capital Management now owns 31,083 shares of the industrial products company’s stock worth $163,000 after buying an additional 12,240 shares during the period. 84.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACCO has been the topic of several analyst reports. StockNews.com raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Barrington Research decreased their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th.

ACCO Brands Stock Performance

NYSE:ACCO opened at $3.79 on Wednesday. The stock has a market cap of $341.48 million, a P/E ratio of -3.58, a price-to-earnings-growth ratio of 0.37 and a beta of 1.36. The firm’s fifty day simple moving average is $3.94 and its 200 day simple moving average is $4.88. ACCO Brands Co. has a twelve month low of $3.41 and a twelve month high of $6.44. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38.

ACCO Brands (NYSE:ACCO) last announced its earnings results on Thursday, May 1st. The industrial products company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The firm had revenue of $317.40 million for the quarter, compared to analysts’ expectations of $318.75 million. As a group, research analysts predict that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Announces Dividend

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

ACCO Brands 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.