ACCO Brands Co. (NYSE:ACCO) Stake Decreased by Pacifica Capital Investments LLC

Pacifica Capital Investments LLC lessened its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 33.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,000 shares of the industrial products company’s stock after selling 5,000 shares during the quarter. ACCO Brands accounts for 0.0% of Pacifica Capital Investments LLC’s investment portfolio, making the stock its 13th biggest position. Pacifica Capital Investments LLC’s holdings in ACCO Brands were worth $53,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in ACCO Brands by 123.0% during the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 3,260 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in ACCO Brands during the third quarter worth approximately $61,000. Burns Matteson Capital Management LLC bought a new stake in ACCO Brands during the fourth quarter worth approximately $61,000. Y Intercept Hong Kong Ltd bought a new stake in ACCO Brands during the third quarter worth approximately $63,000. Finally, Xponance Inc. bought a new stake in ACCO Brands during the fourth quarter worth approximately $65,000. Institutional investors own 84.56% of the company’s stock.

ACCO Brands Price Performance

NYSE ACCO opened at $4.36 on Monday. The stock has a market capitalization of $404.50 million, a P/E ratio of -4.11, a P/E/G ratio of 0.37 and a beta of 1.74. ACCO Brands Co. has a 1 year low of $4.30 and a 1 year high of $6.44. The business’s fifty day moving average is $4.96 and its two-hundred day moving average is $5.29. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $448.10 million during the quarter, compared to the consensus estimate of $455.06 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. On average, research analysts forecast that ACCO Brands Co. will post 1.02 earnings per share for the current fiscal year.

ACCO Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 6.89%. The ex-dividend date is Friday, March 14th. ACCO Brands’s payout ratio is -28.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ACCO shares. StockNews.com cut ACCO Brands from a “buy” rating to a “hold” rating in a report on Thursday. Barrington Research dropped their price target on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th.

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.