RR Donnelley & Sons Co (RRD) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in RR Donnelley & Sons Co (NYSE:RRD) by 36.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 323,629 shares of the business services provider’s stock after selling 187,140 shares during the quarter. California Public Employees Retirement System owned 0.46% of RR Donnelley & Sons worth $1,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Miller Value Partners LLC bought a new stake in shares of RR Donnelley & Sons in the second quarter valued at approximately $1,201,000. Mutual Advisors LLC boosted its position in shares of RR Donnelley & Sons by 80.0% in the second quarter. Mutual Advisors LLC now owns 266,144 shares of the business services provider’s stock valued at $1,533,000 after acquiring an additional 118,300 shares during the period. Saba Capital Management L.P. lifted its position in RR Donnelley & Sons by 238.4% in the second quarter. Saba Capital Management L.P. now owns 581,474 shares of the business services provider’s stock worth $3,343,000 after purchasing an additional 409,628 shares during the period. MetLife Investment Advisors LLC lifted its position in RR Donnelley & Sons by 57.5% in the second quarter. MetLife Investment Advisors LLC now owns 33,770 shares of the business services provider’s stock worth $195,000 after purchasing an additional 12,329 shares during the period. Finally, Glen Harbor Capital Management LLC lifted its position in RR Donnelley & Sons by 85.9% in the second quarter. Glen Harbor Capital Management LLC now owns 24,582 shares of the business services provider’s stock worth $142,000 after purchasing an additional 11,356 shares during the period. 81.69% of the stock is owned by institutional investors.

RRD has been the subject of several research reports. Buckingham Research reduced their target price on RR Donnelley & Sons from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. ValuEngine raised RR Donnelley & Sons from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th.

In other news, EVP Kenneth E. O’brien bought 20,000 shares of RR Donnelley & Sons stock in a transaction that occurred on Monday, August 27th. The stock was purchased at an average cost of $5.22 per share, with a total value of $104,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

Shares of RRD stock opened at $5.87 on Thursday. The firm has a market capitalization of $300.61 million, a P/E ratio of 4.89 and a beta of 1.13. RR Donnelley & Sons Co has a one year low of $4.09 and a one year high of $9.79.

RR Donnelley & Sons (NYSE:RRD) last issued its earnings results on Tuesday, October 30th. The business services provider reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.62 billion. RR Donnelley & Sons had a negative return on equity of 32.28% and a negative net margin of 1.18%. RR Donnelley & Sons’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. On average, analysts predict that RR Donnelley & Sons Co will post 0.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be given a $0.03 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.12 annualized dividend and a yield of 2.04%. RR Donnelley & Sons’s dividend payout ratio (DPR) is currently 10.00%.

RR Donnelley & Sons Profile

R.R. Donnelley & Sons Company, an integrated communications company, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. The company operates through Variable Print, Strategic Services, and International segments. It offers commercial and digital print, direct mail, statement printing, logistics, sourcing, and digital and creative services, as well as produces and sells labels, forms, educational testing materials, inserts, and books.

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Institutional Ownership by Quarter for RR Donnelley & Sons (NYSE:RRD)

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