UBS Asset Management Americas Inc. held its position in shares of Lexmark International Inc. (NYSE:LXK) during the second quarter, according to its most recent filing with the SEC. The firm owned 62,077 shares of the company’s stock at the end of the second quarter. UBS Asset Management Americas Inc. owned about 0.10% of Lexmark International worth $2,343,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of LXK. Aperio Group LLC boosted 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 valued at $1,422,000 after buying an additional 7,768 shares in the last quarter. Virginia Retirement System purchased a new position in Lexmark International during the first quarter worth $1,264,000. IFP Advisors Inc boosted its position in 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 boosted its position in 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. boosted its position in 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 and hedge funds own 84.36% of the company’s stock.
Shares of Lexmark International Inc. (NYSE:LXK) traded down 0.15% during mid-day trading on Friday, reaching $40.14. 567,481 shares of the company’s stock were exchanged. The stock’s market capitalization is $2.52 billion. The company’s 50 day moving average is $36.57 and its 200 day moving average is $36.54. Lexmark International Inc. has a 1-year low of $24.11 and a 1-year high of $40.23.
Lexmark International (NYSE:LXK) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.06. Lexmark International had a negative net margin of 2.89% and a positive return on equity of 15.79%. The business had revenue of $865 million for the quarter, compared to analyst estimates of $855.23 million. During the same quarter in the prior year, the business posted $0.97 EPS. Equities research analysts anticipate that Lexmark International Inc. will post $2.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.44 dividend on an annualized basis and a yield of 3.59%. Lexmark International’s payout ratio is -89.44%.
Separately, Zacks Investment Research cut shares of Lexmark International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 8th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.38.
Lexmark International Company Profile
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.