Capstone Asset Management Co. decreased its stake in shares of Lexmark International Inc. (NYSE:LXK) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 7,032 shares of the company’s stock after selling 30 shares during the period. Capstone Asset Management Co.’s holdings in Lexmark International were worth $265,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Aperio Group LLC raised its stake in Lexmark International by 22.3% in the first quarter. Aperio Group LLC now owns 42,543 shares of the company’s stock valued at $1,422,000 after buying an additional 7,768 shares in the last quarter. BlackRock Group LTD raised its stake in Lexmark International by 12.6% in the first quarter. BlackRock Group LTD now owns 57,251 shares of the company’s stock valued at $1,916,000 after buying an additional 6,408 shares in the last quarter. BlackRock Inc. raised its stake in Lexmark International by 21.4% in the first quarter. BlackRock Inc. now owns 28,658 shares of the company’s stock valued at $958,000 after buying an additional 5,061 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Lexmark International during the first quarter valued at about $4,931,000. Finally, Menta Capital LLC purchased a new stake in Lexmark International during the first quarter valued at about $214,000. 84.36% of the stock is owned by hedge funds and other institutional investors.
Lexmark International Inc. (NYSE:LXK) remained flat at $35.99 on Friday. The company had a trading volume of 537,465 shares. The company’s market cap is $2.26 billion. Lexmark International Inc. has a 12-month low of $24.11 and a 12-month high of $38.89. The company’s 50-day moving average price is $35.71 and its 200-day moving average price is $36.06.
Lexmark International (NYSE:LXK) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. The company earned $865 million during the quarter, compared to analysts’ expectations of $855.23 million. Lexmark International had a positive return on equity of 15.79% and a negative net margin of 2.89%. During the same period last year, the business earned $0.97 earnings per share. On average, equities research analysts anticipate that Lexmark International Inc. will post $2.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.00%. The ex-dividend date was Wednesday, August 31st. Lexmark International’s dividend payout ratio is currently -89.44%.
Separately, Zacks Investment Research lowered shares of Lexmark International from a “hold” rating to a “strong sell” rating in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Lexmark International presently has an average rating of “Hold” and a consensus target price of $34.38.
About Lexmark International
Lexmark International, Inc is a developer, manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. The Company operates through two segments: Imaging Solutions and Services (ISS) and Enterprise Software.
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