LSC Communications (LKSD) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System boosted its position in LSC Communications (NYSE:LKSD) by 15.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,107 shares of the company’s stock after purchasing an additional 7,913 shares during the period. California State Teachers Retirement System owned approximately 0.17% of LSC Communications worth $1,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LKSD. AHL Partners LLP lifted its position in shares of LSC Communications by 0.7% during the 2nd quarter. AHL Partners LLP now owns 9,967 shares of the company’s stock valued at $213,000 after acquiring an additional 72 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of LSC Communications by 4.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,825 shares of the company’s stock valued at $296,000 after acquiring an additional 600 shares during the last quarter. Capstone Asset Management Co. lifted its position in shares of LSC Communications by 4.3% during the 2nd quarter. Capstone Asset Management Co. now owns 15,953 shares of the company’s stock valued at $341,000 after acquiring an additional 656 shares during the last quarter. Aperio Group LLC lifted its position in shares of LSC Communications by 5.0% during the 2nd quarter. Aperio Group LLC now owns 16,658 shares of the company’s stock valued at $356,000 after acquiring an additional 795 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of LSC Communications by 6.8% during the 2nd quarter. Voya Investment Management LLC now owns 14,812 shares of the company’s stock valued at $317,000 after acquiring an additional 946 shares during the last quarter. Hedge funds and other institutional investors own 85.30% of the company’s stock.

Shares of LSC Communications (NYSE:LKSD) opened at $15.59 on Thursday. LSC Communications has a 52-week low of $13.72 and a 52-week high of $30.74. The company has a market capitalization of $529.30, a price-to-earnings ratio of 7.83, a PEG ratio of -3.58 and a beta of 6.07. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.10 and a current ratio of 1.42.

LSC Communications (NYSE:LKSD) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. LSC Communications had a return on equity of 24.72% and a net margin of 0.28%. The company had revenue of $935.00 million during the quarter, compared to the consensus estimate of $928.67 million. During the same quarter in the prior year, the firm earned $1.26 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. sell-side analysts forecast that LSC Communications will post 2.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend is Tuesday, November 14th. LSC Communications’s dividend payout ratio (DPR) is currently 344.84%.

In other news, Director Shivan S. Subramaniam bought 3,500 shares of the business’s stock in a transaction on Monday, September 11th. The shares were bought at an average cost of $16.41 per share, with a total value of $57,435.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.48% of the stock is owned by insiders.

LKSD has been the subject of a number of recent research reports. BidaskClub downgraded LSC Communications from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded LSC Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Citigroup Inc. upgraded LSC Communications from a “sell” rating to a “neutral” rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $24.00.

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LSC Communications Company Profile

LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.

Institutional Ownership by Quarter for LSC Communications (NYSE:LKSD)

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