Nationwide Fund Advisors decreased its position in Lexmark International Inc. (NYSE:LXK) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,576 shares of the company’s stock after selling 9,287 shares during the period. Nationwide Fund Advisors owned 0.18% of Lexmark International worth $4,325,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Aperio Group LLC increased its position in shares of Lexmark International by 22.3% in the first quarter. Aperio Group LLC now owns 42,543 shares of the company’s stock worth $1,422,000 after buying an additional 7,768 shares during the period. Virginia Retirement System bought a new position in shares of Lexmark International during the first quarter worth about $1,264,000. IFP Advisors Inc increased its position in shares of Lexmark International by 967.4% in the first quarter. IFP Advisors Inc now owns 3,042 shares of the company’s stock worth $102,000 after buying an additional 2,757 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Lexmark International by 0.5% in the first quarter. TIAA CREF Investment Management LLC now owns 349,361 shares of the company’s stock worth $11,679,000 after buying an additional 1,728 shares during the period. Finally, Teachers Advisors Inc. increased its position in shares of Lexmark International by 43.7% in the first quarter. Teachers Advisors Inc. now owns 142,267 shares of the company’s stock worth $4,756,000 after buying an additional 43,272 shares during the period. Institutional investors own 84.36% of the company’s stock.
Lexmark International Inc. (NYSE:LXK) traded up 0.10% during midday trading on Monday, reaching $40.00. The company had a trading volume of 938,065 shares. The stock’s market capitalization is $2.51 billion. Lexmark International Inc. has a one year low of $24.11 and a one year high of $40.03. The company has a 50-day moving average price of $35.84 and a 200-day moving average price of $36.21.
Lexmark International (NYSE:LXK) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Lexmark International had a positive return on equity of 15.79% and a negative net margin of 2.89%. The firm earned $865 million during the quarter, compared to analysts’ expectations of $855.23 million. During the same period in the prior year, the business earned $0.97 EPS. On average, equities analysts expect that Lexmark International Inc. will post $2.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Wednesday, August 31st. Lexmark International’s payout ratio is currently -89.44%.
Separately, Zacks Investment Research downgraded Lexmark International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 8th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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