RR Donnelley & Sons Co (NYSE:RRD) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in RR Donnelley & Sons Co (NYSE:RRD) by 21.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 125,384 shares of the business services provider’s stock after selling 34,210 shares during the quarter. Wells Fargo & Company MN owned approximately 0.18% of RR Donnelley & Sons worth $1,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of RRD. Caxton Associates LP raised its position in shares of RR Donnelley & Sons by 1.3% in the 2nd quarter. Caxton Associates LP now owns 15,600 shares of the business services provider’s stock valued at $196,000 after acquiring an additional 200 shares during the period. PNC Financial Services Group Inc. raised its position in shares of RR Donnelley & Sons by 1.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 22,612 shares of the business services provider’s stock valued at $282,000 after acquiring an additional 378 shares during the period. Royal Bank of Canada raised its position in shares of RR Donnelley & Sons by 5.4% in the 2nd quarter. Royal Bank of Canada now owns 74,621 shares of the business services provider’s stock valued at $937,000 after acquiring an additional 3,811 shares during the period. Voya Investment Management LLC raised its position in shares of RR Donnelley & Sons by 15.1% in the 2nd quarter. Voya Investment Management LLC now owns 29,914 shares of the business services provider’s stock valued at $375,000 after acquiring an additional 3,923 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of RR Donnelley & Sons by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 384,322 shares of the business services provider’s stock valued at $4,819,000 after acquiring an additional 4,357 shares during the period. 86.74% of the stock is currently owned by institutional investors.

Shares of RR Donnelley & Sons Co (NYSE:RRD) traded up $0.26 during trading hours on Wednesday, hitting $6.90. 839,663 shares of the company were exchanged, compared to its average volume of 769,389. The firm has a market cap of $477.38, a P/E ratio of -0.98 and a beta of 1.79. The company has a quick ratio of 1.19, a current ratio of 1.50 and a debt-to-equity ratio of -13.69. RR Donnelley & Sons Co has a 1-year low of $6.51 and a 1-year high of $18.52.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.56 annualized dividend and a yield of 8.12%. RR Donnelley & Sons’s dividend payout ratio (DPR) is currently -7.92%.

A number of brokerages recently weighed in on RRD. ValuEngine downgraded shares of RR Donnelley & Sons from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub downgraded shares of RR Donnelley & Sons from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Finally, TheStreet downgraded shares of RR Donnelley & Sons from a “c-” rating to a “d” rating in a research report on Thursday, October 26th.

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About RR Donnelley & Sons

R.R. Donnelley & Sons Company helps organizations communicate by working to create, manage, produce, distribute and process content on behalf of its customers. The Company’s segments include Variable Print, Strategic Services, International and Corporate. The Variable Print segment includes the Company’s United States short-run and transactional printing operations.

Institutional Ownership by Quarter for RR Donnelley & Sons (NYSE:RRD)

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