Quad/Graphics, Inc. (NYSE:QUAD) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in Quad/Graphics, Inc. (NYSE:QUAD) by 55.9% during the 1st quarter, Holdings Channel reports. The firm owned 626,245 shares of the business services provider’s stock after selling 793,791 shares during the period. JPMorgan Chase & Co.’s holdings in Quad/Graphics were worth $7,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its position in shares of Quad/Graphics by 52.5% in the first quarter. BNP Paribas Arbitrage SA now owns 11,431 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 3,933 shares in the last quarter. Northern Oak Wealth Management Inc. increased its holdings in shares of Quad/Graphics by 50.0% in the first quarter. Northern Oak Wealth Management Inc. now owns 3,000 shares of the business services provider’s stock worth $36,000 after purchasing an additional 1,000 shares during the last quarter. Strs Ohio increased its holdings in shares of Quad/Graphics by 14.3% in the first quarter. Strs Ohio now owns 53,600 shares of the business services provider’s stock worth $637,000 after purchasing an additional 6,700 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Quad/Graphics by 102.1% in the fourth quarter. Deutsche Bank AG now owns 276,609 shares of the business services provider’s stock worth $3,405,000 after purchasing an additional 139,731 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Quad/Graphics by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,953,638 shares of the business services provider’s stock worth $24,069,000 after purchasing an additional 186,614 shares during the last quarter. 59.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of QUAD stock opened at $9.43 on Wednesday. Quad/Graphics, Inc. has a 12-month low of $8.29 and a 12-month high of $24.93. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 2.81. The stock has a market capitalization of $465.36 million, a PE ratio of 5.27 and a beta of 1.80.

Quad/Graphics (NYSE:QUAD) last issued its earnings results on Tuesday, April 30th. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.03). Quad/Graphics had a positive return on equity of 11.56% and a negative net margin of 0.25%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $979.58 million. During the same period last year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts predict that Quad/Graphics, Inc. will post 1.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 20th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th. This represents a $1.20 annualized dividend and a yield of 12.73%. Quad/Graphics’s payout ratio is currently 67.04%.

Separately, Zacks Investment Research cut Quad/Graphics from a “hold” rating to a “strong sell” rating in a report on Saturday, March 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Quad/Graphics has an average rating of “Hold” and an average target price of $28.50.

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Quad/Graphics Profile

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.

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Institutional Ownership by Quarter for Quad/Graphics (NYSE:QUAD)

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