LSC Communications Inc (NASDAQ:LKSD) Director Shivan S. Subramaniam purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average cost of $17.18 per share, for a total transaction of $85,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of LSC Communications Inc (LKSD) traded down 0.76% during mid-day trading on Monday, hitting $17.02. The stock had a trading volume of 591,159 shares. The firm has a 50 day moving average of $21.19 and a 200-day moving average of $23.76. LSC Communications Inc has a one year low of $16.96 and a one year high of $37.40. The stock has a market cap of $577.68 million and a P/E ratio of 7.50.

LSC Communications (NASDAQ:LKSD) last released its earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.68 by $0.09. The firm had revenue of $848 million during the quarter, compared to analysts’ expectations of $876.38 million. LSC Communications had a negative net margin of 0.12% and a negative return on equity of 1.59%. The business’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts expect that LSC Communications Inc will post $2.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 15th will be given a $0.25 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.00 annualized dividend and a dividend yield of 5.88%.

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LKSD has been the topic of several recent research reports. Bank of America Corporation initiated coverage on LSC Communications in a report on Wednesday, May 24th. They set a “neutral” rating and a $24.00 price objective on the stock. Zacks Investment Research raised LSC Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Citigroup Inc. initiated coverage on LSC Communications in a report on Tuesday, May 30th. They set a “neutral” rating and a $23.00 price objective on the stock. Finally, J P Morgan Chase & Co initiated coverage on LSC Communications in a report on Friday, July 21st. They set a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. LSC Communications has an average rating of “Hold” and an average price target of $24.00.

Several institutional investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC increased its position in LSC Communications by 91.7% in the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock valued at $21,252,000 after buying an additional 404,126 shares during the period. Schwab Charles Investment Management Inc. increased its position in LSC Communications by 127.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 231,396 shares of the company’s stock valued at $4,952,000 after buying an additional 129,773 shares during the period. Bank of New York Mellon Corp increased its position in LSC Communications by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 1,129,140 shares of the company’s stock valued at $24,164,000 after buying an additional 121,904 shares during the period. BNP Paribas Arbitrage SA increased its position in LSC Communications by 1,535.6% in the second quarter. BNP Paribas Arbitrage SA now owns 108,638 shares of the company’s stock valued at $2,325,000 after buying an additional 101,996 shares during the period. Finally, Bank of Montreal Can increased its position in LSC Communications by 157.7% in the second quarter. Bank of Montreal Can now owns 82,401 shares of the company’s stock valued at $1,763,000 after buying an additional 50,429 shares during the period.

About LSC Communications

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.

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