Ausdal Financial Partners Inc. reduced its position in shares of Lockheed Martin Corp. (NYSE:LMT) by 18.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,285 shares of the company’s stock after selling 300 shares during the period. Ausdal Financial Partners Inc.’s holdings in Lockheed Martin Corp. were worth $319,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Americafirst Capital Management LLC bought a new position in Lockheed Martin Corp. during the second quarter worth $103,000. Signaturefd LLC increased its stake in shares of Lockheed Martin Corp. by 14.9% in the second quarter. Signaturefd LLC now owns 546 shares of the company’s stock valued at $135,000 after buying an additional 71 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Lockheed Martin Corp. by 24.4% in the second quarter. Quadrant Capital Group LLC now owns 684 shares of the company’s stock valued at $161,000 after buying an additional 134 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Lockheed Martin Corp. by 4.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 774 shares of the company’s stock valued at $192,000 after buying an additional 33 shares in the last quarter. Finally, Zions Bancorporation increased its stake in shares of Lockheed Martin Corp. by 102.3% in the first quarter. Zions Bancorporation now owns 809 shares of the company’s stock valued at $182,000 after buying an additional 409 shares in the last quarter. Institutional investors and hedge funds own 83.82% of the company’s stock.
Shares of Lockheed Martin Corp. (NYSE:LMT) traded down 0.11% during trading on Wednesday, reaching $232.53. The company’s stock had a trading volume of 670,782 shares. The firm’s 50-day moving average is $239.18 and its 200 day moving average is $242.40. The company has a market cap of $70.43 billion, a PE ratio of 19.36 and a beta of 0.59. Lockheed Martin Corp. has a 52-week low of $200.47 and a 52-week high of $266.93.
Lockheed Martin Corp. (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 19th. The company reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.56 billion. Lockheed Martin Corp. had a return on equity of 119.66% and a net margin of 7.37%. During the same quarter in the prior year, the company earned $2.94 earnings per share. On average, equities research analysts predict that Lockheed Martin Corp. will post $11.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 1st will be paid a $1.82 dividend. This is a positive change from Lockheed Martin Corp.’s previous quarterly dividend of $1.65. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $7.28 annualized dividend and a yield of 3.13%. Lockheed Martin Corp.’s dividend payout ratio is currently 56.51%.
Several equities research analysts recently issued reports on LMT shares. Vetr downgraded Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $255.00 price objective for the company. in a research note on Monday, July 4th. Zacks Investment Research raised Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $279.00 price objective for the company in a research note on Tuesday, July 5th. Drexel Hamilton reissued a “buy” rating and issued a $284.00 price objective on shares of Lockheed Martin Corp. in a research note on Wednesday, July 20th. Argus increased their price objective on Lockheed Martin Corp. from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and set a $255.00 price target (up from $225.00) on shares of Lockheed Martin Corp. in a research note on Friday, July 22nd. 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. Lockheed Martin Corp. presently has a consensus rating of “Hold” and an average price target of $259.77.
In other Lockheed Martin Corp. news, insider Orlando D. Carvalho sold 12,700 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $254.78, for a total value of $3,235,706.00. Following the sale, the insider now owns 29,120 shares in the company, valued at $7,419,193.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sondra L. Barbour sold 66,460 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $255.74, for a total value of $16,996,480.40. Following the completion of the sale, the insider now owns 31,200 shares in the company, valued at approximately $7,979,088. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.
Lockheed Martin Corp. Company Profile
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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