M&R Capital Management Inc. Has $181,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

M&R Capital Management Inc. lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 37.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 500 shares of the aerospace company’s stock after selling 300 shares during the quarter. M&R Capital Management Inc.’s holdings in Lockheed Martin were worth $181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Consulate Inc. raised its holdings in shares of Lockheed Martin by 2.9% during the second quarter. Financial Consulate Inc. now owns 3,145 shares of the aerospace company’s stock valued at $1,143,000 after purchasing an additional 89 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Lockheed Martin during the second quarter valued at about $380,000. James Investment Research Inc. raised its holdings in shares of Lockheed Martin by 123.2% during the second quarter. James Investment Research Inc. now owns 18,835 shares of the aerospace company’s stock valued at $6,847,000 after purchasing an additional 10,395 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Lockheed Martin by 239.0% during the second quarter. Lindbrook Capital LLC now owns 844 shares of the aerospace company’s stock valued at $306,000 after purchasing an additional 595 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Lockheed Martin by 3.0% during the second quarter. Chicago Partners Investment Group LLC now owns 1,423 shares of the aerospace company’s stock valued at $509,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 78.47% of the company’s stock.

In other Lockheed Martin news, insider Kenneth R. Possenriede sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $363.85, for a total value of $727,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Marillyn A. Hewson sold 19,500 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $369.14, for a total transaction of $7,198,230.00. Following the completion of the sale, the chairman now directly owns 46,534 shares of the company’s stock, valued at $17,177,560.76. The disclosure for this sale can be found here. Insiders sold a total of 22,503 shares of company stock worth $8,292,527 in the last 90 days. 0.35% of the stock is currently owned by company insiders.

Shares of LMT traded down $1.18 on Friday, reaching $361.91. The company’s stock had a trading volume of 836,245 shares, compared to its average volume of 1,167,834. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 4.36. Lockheed Martin Co. has a twelve month low of $241.18 and a twelve month high of $373.37. The firm has a market cap of $102.54 billion, a PE ratio of 20.28, a PEG ratio of 2.41 and a beta of 0.98. The company has a fifty day moving average of $362.76.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.26. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The company had revenue of $14.42 billion for the quarter, compared to analyst estimates of $14.17 billion. During the same quarter in the prior year, the business posted $4.31 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts forecast that Lockheed Martin Co. will post 21.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a $2.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.43%. Lockheed Martin’s dividend payout ratio is presently 49.30%.

LMT has been the topic of several research reports. Cowen reiterated a “buy” rating and set a $360.00 price objective on shares of Lockheed Martin in a report on Wednesday, April 24th. Robert W. Baird upped their price objective on shares of Lockheed Martin from $326.00 to $371.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upped their price objective on shares of Lockheed Martin from $360.00 to $395.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Barclays upped their target price on shares of Lockheed Martin from $340.00 to $370.00 and gave the stock an “equal weight” rating in a report on Thursday, May 16th. Finally, Morgan Stanley upped their target price on shares of Lockheed Martin from $324.00 to $356.00 and gave the stock an “equal weight” rating in a report on Friday, June 14th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $366.43.

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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