Family Capital Trust Co maintained its position in Lockheed Martin Corp. (NYSE:LMT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 444 shares of the company’s stock at the end of the second quarter. Family Capital Trust Co’s holdings in Lockheed Martin Corp. were worth $110,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. AMP Capital Investors Ltd increased its position in Lockheed Martin Corp. by 4.3% in the first quarter. AMP Capital Investors Ltd now owns 150,260 shares of the company’s stock worth $33,500,000 after buying an additional 6,258 shares during the period. Sabal Trust CO increased its position in Lockheed Martin Corp. by 1.2% in the second quarter. Sabal Trust CO now owns 107,442 shares of the company’s stock worth $26,664,000 after buying an additional 1,232 shares during the period. Waverton Investment Management Ltd increased its position in Lockheed Martin Corp. by 2.5% in the second quarter. Waverton Investment Management Ltd now owns 254,844 shares of the company’s stock worth $63,245,000 after buying an additional 6,108 shares during the period. UMB Bank N A MO increased its position in Lockheed Martin Corp. by 9.9% in the second quarter. UMB Bank N A MO now owns 66,298 shares of the company’s stock worth $16,453,000 after buying an additional 5,998 shares during the period. Finally, Standard Life Investments LTD increased its position in Lockheed Martin Corp. by 1.2% in the second quarter. Standard Life Investments LTD now owns 292,788 shares of the company’s stock worth $72,698,000 after buying an additional 3,573 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.
Lockheed Martin Corp. (NYSE:LMT) traded down 0.66% during trading on Tuesday, hitting $231.75. 623,211 shares of the company traded hands. The company’s 50-day moving average is $241.87 and its 200 day moving average is $242.07. Lockheed Martin Corp. has a 52-week low of $200.47 and a 52-week high of $266.93. The firm has a market cap of $70.20 billion, a price-to-earnings ratio of 19.30 and a beta of 0.59.
Lockheed Martin Corp. (NYSE:LMT) last announced its earnings results on Tuesday, July 19th. The company reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.39. The business had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.56 billion. Lockheed Martin Corp. had a net margin of 7.37% and a return on equity of 119.66%. During the same period last year, the firm posted $2.94 earnings per share. On average, equities analysts anticipate that Lockheed Martin Corp. will post $11.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 1st will be given a dividend of $1.82 per share. The ex-dividend date is Tuesday, November 29th. This is a positive change from Lockheed Martin Corp.’s previous quarterly dividend of $1.65. This represents a $7.28 dividend on an annualized basis and a dividend yield of 3.12%. Lockheed Martin Corp.’s dividend payout ratio (DPR) is 56.51%.
A number of research analysts have commented on LMT shares. Barclays PLC reissued an “underweight” rating and set a $245.00 target price (down previously from $250.00) on shares of Lockheed Martin Corp. in a research report on Monday, October 3rd. Jefferies Group reaffirmed a “neutral” rating on shares of Lockheed Martin Corp. in a research report on Tuesday, August 30th. Vetr raised shares of Lockheed Martin Corp. from a “buy” rating to a “strong-buy” rating and set a $275.75 price objective on the stock in a research report on Monday, August 29th. Citigroup Inc. reaffirmed a “buy” rating and issued a $284.00 price objective (up previously from $239.00) on shares of Lockheed Martin Corp. in a research report on Tuesday, September 6th. Finally, JPMorgan Chase & Co. started coverage on shares of Lockheed Martin Corp. in a research report on Thursday, August 25th. They issued a “neutral” rating and a $284.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $259.77.
In related news, insider Orlando D. Carvalho sold 12,700 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $254.78, for a total transaction of $3,235,706.00. Following the completion of the sale, the insider now directly owns 29,120 shares of the company’s stock, valued at $7,419,193.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sondra L. Barbour sold 66,460 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $255.74, for a total value of $16,996,480.40. Following the sale, the insider now directly owns 31,200 shares of the company’s stock, valued at $7,979,088. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
About Lockheed Martin Corp.
Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, integration and sustainment of advanced technology systems, products and services. It operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.
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