Diversified Trust Co Continues to Hold Position in Ingram Micro Inc. (IM)
Diversified Trust Co held its position in shares of Ingram Micro Inc. (NYSE:IM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,376 shares of the company’s stock at the end of the second quarter. Diversified Trust Co’s holdings in Ingram Micro were worth $3,004,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Ingram Micro by 17.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,147 shares of the company’s stock worth $113,000 after buying an additional 469 shares during the last quarter. Weaver C. Barksdale & Associates Inc. boosted its stake in shares of Ingram Micro by 8.4% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 5,515 shares of the company’s stock worth $192,000 after buying an additional 427 shares during the last quarter. Oakbrook Investments LLC boosted its stake in shares of Ingram Micro by 7.1% in the second quarter. Oakbrook Investments LLC now owns 7,500 shares of the company’s stock worth $261,000 after buying an additional 500 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of Ingram Micro during the first quarter worth approximately $280,000. Finally, Howard Hughes Medical Institute boosted its stake in shares of Ingram Micro by 5.4% in the first quarter. Howard Hughes Medical Institute now owns 7,835 shares of the company’s stock worth $281,000 after buying an additional 398 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.
Ingram Micro Inc. (NYSE:IM) traded up 0.40% during midday trading on Thursday, reaching $35.03. 677,996 shares of the company were exchanged. Ingram Micro Inc. has a 52-week low of $25.76 and a 52-week high of $36.66. The company has a 50 day moving average of $34.72 and a 200-day moving average of $34.96. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 20.49 and a beta of 0.87.
Ingram Micro (NYSE:IM) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.12. Ingram Micro had a return on equity of 10.03% and a net margin of 0.64%. The company earned $10.10 billion during the quarter, compared to analysts’ expectations of $9.67 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts anticipate that Ingram Micro Inc. will post $2.62 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Ingram Micro from a “sell” rating to a “hold” rating in a research note on Monday, July 4th. Jefferies Group reaffirmed a “hold” rating on shares of Ingram Micro in a research note on Thursday, September 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $35.75.
About Ingram Micro
Ingram Micro Inc (Ingram Micro) is engaged in the distribution of information technology (IT) products, supply chain services and mobile device lifecycle services around the world. The Company distributes and markets technology products all over the world from the industry’s computer hardware suppliers, mobility hardware suppliers, software publishers, consumer electronics (CE), automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products.
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