Blue Fin Capital Inc. cut its position in shares of Lockheed Martin Corp. (NYSE:LMT) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 5,180 shares of the company’s stock after selling 40 shares during the period. Lockheed Martin Corp. comprises about 1.1% of Blue Fin Capital Inc.’s investment portfolio, making the stock its 29th largest position. Blue Fin Capital Inc.’s holdings in Lockheed Martin Corp. were worth $1,286,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Alley Co LLC increased its stake in Lockheed Martin Corp. by 3.0% in the second quarter. Alley Co LLC now owns 24,293 shares of the company’s stock worth $6,029,000 after buying an additional 707 shares during the period. Signaturefd LLC boosted its position in shares of Lockheed Martin Corp. by 14.9% in the second quarter. Signaturefd LLC now owns 546 shares of the company’s stock worth $135,000 after buying an additional 71 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of Lockheed Martin Corp. by 4.1% in the second quarter. Wedge Capital Management L L P NC now owns 167,634 shares of the company’s stock worth $41,602,000 after buying an additional 6,611 shares during the period. Moody Lynn & Lieberson LLC boosted its position in shares of Lockheed Martin Corp. by 4.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 66,793 shares of the company’s stock worth $16,576,000 after buying an additional 2,577 shares during the period. Finally, Scott & Selber Inc. acquired a new position in shares of Lockheed Martin Corp. during the second quarter worth $2,893,000. 83.82% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lockheed Martin Corp. (NYSE:LMT) traded down 0.12% during trading on Wednesday, reaching $232.50. 698,056 shares of the company’s stock were exchanged. Lockheed Martin Corp. has a 52 week low of $200.47 and a 52 week high of $266.93. The stock has a market capitalization of $70.43 billion, a PE ratio of 19.36 and a beta of 0.59. The company’s 50-day moving average is $239.18 and its 200 day moving average is $242.40.
Lockheed Martin Corp. (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.39. The company 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 quarter last year, the firm posted $2.94 earnings per share. On average, analysts forecast that Lockheed Martin Corp. will post $11.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 1st will be paid a dividend of $1.82 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $7.28 dividend on an annualized basis and a dividend yield of 3.13%. This is a positive change from Lockheed Martin Corp.’s previous quarterly dividend of $1.65. Lockheed Martin Corp.’s dividend payout ratio (DPR) is currently 56.51%.
LMT has been the subject of a number of research reports. Barclays PLC restated an “underweight” rating and issued a $245.00 price objective (down previously from $250.00) on shares of Lockheed Martin Corp. in a report on Monday, October 3rd. Zacks Investment Research cut shares of Lockheed Martin Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 21st. Citigroup Inc. restated a “buy” rating and issued a $284.00 price objective (up previously from $239.00) on shares of Lockheed Martin Corp. in a report on Tuesday, September 6th. Vetr cut shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $255.00 price objective for the company. in a report on Monday, July 4th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Lockheed Martin Corp. in a report on Thursday, August 25th. They issued a “neutral” rating and a $284.00 price objective for the company. 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 issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $259.77.
In other news, insider Orlando D. Carvalho sold 12,700 shares of Lockheed Martin Corp. stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $254.78, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sondra L. Barbour sold 66,460 shares of Lockheed Martin Corp. stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $255.74, for a total transaction of $16,996,480.40. Following 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. Insiders own 0.42% of the company’s stock.
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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