Lexmark International Inc. (LXK) Shares Sold by Capital Fund Management S.A.
Capital Fund Management S.A. reduced its stake in shares of Lexmark International Inc. (NYSE:LXK) by 95.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,322 shares of the company’s stock after selling 146,229 shares during the period. Capital Fund Management S.A.’s holdings in Lexmark International were worth $276,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of LXK. Aperio Group LLC increased 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. IFP Advisors Inc increased its stake in Lexmark International by 967.4% in the first quarter. IFP Advisors Inc now owns 3,042 shares of the company’s stock valued at $102,000 after buying an additional 2,757 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake 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 valued at $11,679,000 after buying an additional 1,728 shares in the last quarter. Teachers Advisors Inc. increased its stake in Lexmark International by 43.7% in the first quarter. Teachers Advisors Inc. now owns 142,267 shares of the company’s stock valued at $4,756,000 after buying an additional 43,272 shares in the last quarter. Finally, BlackRock Inc. increased 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. 84.36% of the stock is owned by institutional investors and hedge funds.
Lexmark International Inc. (NYSE:LXK) traded up 0.08% during trading on Friday, reaching $39.93. The company’s stock had a trading volume of 428,717 shares. The firm has a 50 day moving average of $37.23 and a 200 day moving average of $36.81. Lexmark International Inc. has a 52 week low of $24.11 and a 52 week high of $40.25. The stock’s market capitalization is $2.51 billion.
Lexmark International (NYSE:LXK) last announced its 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 the consensus estimate 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 firm earned $0.97 earnings per share. Analysts expect that Lexmark International Inc. will post $2.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, August 31st. This represents a $1.44 annualized dividend and a dividend yield of 3.61%. Lexmark International’s dividend payout ratio is presently -89.44%.
Separately, Zacks Investment Research downgraded Lexmark International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $35.50.
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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