Valassis Communications Director Alan Schultz Sells 39,666 Shares (VCI)
Valassis Communications (NYSE:VCI) Director Alan Schultz sold 39,666 shares of Valassis Communications stock on the open market in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $29.05, for a total transaction of $1,152,297.30. Following the completion of the transaction, the director now directly owns 290,318 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at TheStreet upgraded shares of Valassis Communications (NYSE:VCI) to a “buy” rating in a research note to investors on Wednesday, July 24th.
Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Valassis Communications currently has an average rating of “Hold” and a consensus target price of $31.00.
Valassis Communications (NYSE:VCI) traded down 0.21% on Friday, hitting $28.73. 239,492 shares of the company’s stock traded hands. Valassis Communications has a 52 week low of $23.69 and a 52 week high of $31.34. The stock has a 50-day moving average of $28.45 and a 200-day moving average of $27.25. The company has a market cap of $1.085 billion and a P/E ratio of 9.69.
Valassis Communications (NYSE:VCI) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.07. The company had revenue of $495.90 million for the quarter, compared to the consensus estimate of $507.58 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Thursday, September 26th.
Valassis Communications, Inc (NYSE:VCI) is a media delivery, providing over 15,000 advertisers and media solutions to influence consumers wherever they plan, shop, buy and share.
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