Dupont Capital Management Corp bought a new position in shares of LSC Communications Inc (NYSE:LKSD) in the fourth quarter, HoldingsChannel reports. The firm bought 274,700 shares of the company’s stock, valued at approximately $1,923,000.
Other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of LSC Communications during the third quarter worth about $123,000. United Services Automobile Association purchased a new stake in LSC Communications in the second quarter worth about $191,000. Stone Ridge Asset Management LLC purchased a new stake in LSC Communications in the third quarter worth about $153,000. Allianz Asset Management GmbH purchased a new stake in LSC Communications in the third quarter worth about $182,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in LSC Communications in the second quarter worth about $276,000. Institutional investors own 82.11% of the company’s stock.
Shares of LKSD opened at $8.14 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 3.06. LSC Communications Inc has a one year low of $6.60 and a one year high of $18.64. The stock has a market capitalization of $271.22 million, a price-to-earnings ratio of 5.06, a P/E/G ratio of -2.63 and a beta of 1.32.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Friday, February 15th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $1.04 annualized dividend and a yield of 12.78%. LSC Communications’s dividend payout ratio (DPR) is presently 52.79%.
Several analysts have commented on the stock. ValuEngine upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. Zacks Investment Research lowered shares of LSC Communications from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. Citigroup lowered their price objective on shares of LSC Communications from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. Finally, Buckingham Research lowered their price objective on shares of LSC Communications from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.40.
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About LSC Communications
LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.
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