Lockheed Martin Co. (NYSE:LMT) Stake Lessened by Adviser Investments LLC

Adviser Investments LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 37.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 435 shares of the aerospace company’s stock after selling 264 shares during the period. Adviser Investments LLC’s holdings in Lockheed Martin were worth $129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LMT. Summit Trail Advisors LLC grew its position in Lockheed Martin by 32,852.9% during the 1st quarter. Summit Trail Advisors LLC now owns 483,748 shares of the aerospace company’s stock worth $484,000 after purchasing an additional 482,280 shares during the period. Millennium Management LLC lifted its stake in Lockheed Martin by 211.4% in the 1st quarter. Millennium Management LLC now owns 588,674 shares of the aerospace company’s stock valued at $198,931,000 after buying an additional 399,639 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Lockheed Martin by 579.9% in the 1st quarter. Point72 Asset Management L.P. now owns 388,919 shares of the aerospace company’s stock valued at $131,427,000 after buying an additional 331,719 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Lockheed Martin by 13.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,552,936 shares of the aerospace company’s stock valued at $754,213,000 after buying an additional 292,851 shares in the last quarter. Finally, CIBC World Markets Inc. lifted its stake in Lockheed Martin by 2,001.3% in the 1st quarter. CIBC World Markets Inc. now owns 292,963 shares of the aerospace company’s stock valued at $99,001,000 after buying an additional 279,021 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Shares of NYSE LMT traded down $1.44 during midday trading on Friday, reaching $320.41. 1,055,400 shares of the stock were exchanged, compared to its average volume of 1,455,395. The company has a market capitalization of $92.37 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.56 and a beta of 0.71. The company has a debt-to-equity ratio of 28.14, a current ratio of 1.19 and a quick ratio of 0.97. Lockheed Martin Co. has a twelve month low of $291.52 and a twelve month high of $363.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 24th. The aerospace company reported $4.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.92 by $0.39. The business had revenue of $13.40 billion during the quarter, compared to the consensus estimate of $12.72 billion. Lockheed Martin had a net margin of 5.00% and a return on equity of 944.31%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.23 EPS. research analysts expect that Lockheed Martin Co. will post 17.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 4th will be issued a $2.00 dividend. The ex-dividend date is Friday, August 31st. This represents a $8.00 annualized dividend and a yield of 2.50%. Lockheed Martin’s dividend payout ratio (DPR) is presently 60.02%.

In related news, SVP Maryanne Lavan sold 7,250 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $323.64, for a total value of $2,346,390.00. Following the completion of the sale, the senior vice president now owns 9,869 shares in the company, valued at approximately $3,194,003.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Marillyn A. Hewson sold 25,000 shares of Lockheed Martin stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $323.68, for a total transaction of $8,092,000.00. Following the completion of the sale, the chairman now owns 90,625 shares of the company’s stock, valued at approximately $29,333,500. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

LMT has been the topic of a number of research reports. Credit Suisse Group raised their price target on shares of Lockheed Martin from $355.00 to $340.00 and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Berenberg Bank raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Zacks Investment Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $343.00 price target on the stock in a research note on Wednesday, July 11th. Bank of America raised their price target on shares of Lockheed Martin from $400.00 to $412.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Morgan Stanley increased their price objective on shares of Lockheed Martin from $352.00 to $377.00 and gave the company an “overweight” rating in a report on Wednesday, July 25th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $372.02.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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