Cetera Investment Advisers Purchases 18,179 Shares of Acco Brands Corporation $ACCO

Cetera Investment Advisers grew its position in Acco Brands Corporation (NYSE:ACCO) by 40.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,726 shares of the industrial products company’s stock after acquiring an additional 18,179 shares during the quarter. Cetera Investment Advisers’ holdings in Acco Brands were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Capital Management Corp VA grew its position in Acco Brands by 27.5% in the 1st quarter. Capital Management Corp VA now owns 4,552,770 shares of the industrial products company’s stock valued at $19,076,000 after acquiring an additional 980,910 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Acco Brands by 127.8% during the 4th quarter. Millennium Management LLC now owns 1,532,460 shares of the industrial products company’s stock worth $8,045,000 after purchasing an additional 859,787 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Acco Brands during the 4th quarter worth $1,764,000. Allspring Global Investments Holdings LLC increased its position in Acco Brands by 4.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,378,499 shares of the industrial products company’s stock valued at $27,109,000 after buying an additional 257,608 shares in the last quarter. Finally, North Star Investment Management Corp. increased its holdings in shares of Acco Brands by 47.8% in the first quarter. North Star Investment Management Corp. now owns 634,373 shares of the industrial products company’s stock valued at $2,658,000 after purchasing an additional 205,061 shares during the period. Institutional investors own 84.56% of the company’s stock.

Acco Brands Trading Up 0.1%

ACCO opened at $3.8950 on Thursday. Acco Brands Corporation has a 12 month low of $3.32 and a 12 month high of $6.43. The stock has a market capitalization of $351.06 million, a price-to-earnings ratio of 8.29, a PEG ratio of 0.45 and a beta of 1.39. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.85 and a quick ratio of 1.15. The business has a fifty day moving average price of $3.73 and a 200 day moving average price of $4.03.

Acco Brands (NYSE:ACCO) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $394.80 million for the quarter, compared to analyst estimates of $389.81 million. Acco Brands had a return on equity of 13.60% and a net margin of 2.90%. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Q3 2025 guidance at 0.210-0.240 EPS. Sell-side analysts expect that Acco Brands Corporation will post 1.02 earnings per share for the current fiscal year.

Acco Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 22nd will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, August 22nd. Acco Brands’s payout ratio is presently 63.83%.

Wall Street Analyst Weigh In

ACCO has been the topic of a number of research reports. Zacks Research raised Acco Brands from a “strong sell” rating to a “hold” rating in a report on Monday. Barrington Research reaffirmed an “outperform” rating and set a $6.00 target price on shares of Acco Brands in a report on Thursday, August 14th. Finally, Wall Street Zen upgraded Acco Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

About Acco Brands

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.