Lockheed Martin Co. (NYSE:LMT) Shares Sold by MJP Associates Inc. ADV

MJP Associates Inc. ADV decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 10.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,740 shares of the aerospace company’s stock after selling 196 shares during the quarter. MJP Associates Inc. ADV’s holdings in Lockheed Martin were worth $801,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LMT. State Street Corp raised its stake in shares of Lockheed Martin by 0.5% during the first quarter. State Street Corp now owns 37,972,543 shares of the aerospace company’s stock valued at $17,950,761,000 after purchasing an additional 176,739 shares in the last quarter. FMR LLC increased its stake in Lockheed Martin by 3.4% during the 1st quarter. FMR LLC now owns 7,497,698 shares of the aerospace company’s stock valued at $3,544,387,000 after buying an additional 244,251 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Lockheed Martin by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,849,054 shares of the aerospace company’s stock worth $2,821,626,000 after buying an additional 382,510 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Lockheed Martin by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 4,387,684 shares of the aerospace company’s stock worth $2,132,545,000 after acquiring an additional 11,855 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Lockheed Martin by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 2,419,579 shares of the aerospace company’s stock valued at $1,139,469,000 after acquiring an additional 85,913 shares in the last quarter. 74.26% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 1.6 %

Lockheed Martin stock traded up $6.78 during trading hours on Monday, hitting $430.83. The company had a trading volume of 304,374 shares, compared to its average volume of 1,197,222. The firm’s fifty day moving average is $447.76 and its 200-day moving average is $459.96. The firm has a market capitalization of $108.50 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 2.42 and a beta of 0.65. Lockheed Martin Co. has a fifty-two week low of $381.55 and a fifty-two week high of $508.10. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.36 and a quick ratio of 1.16.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 18th. The aerospace company reported $6.73 earnings per share for the quarter, topping the consensus estimate of $6.45 by $0.28. Lockheed Martin had a return on equity of 71.67% and a net margin of 10.48%. The firm had revenue of $16.69 billion during the quarter, compared to analyst estimates of $15.92 billion. During the same period in the previous year, the company earned $6.32 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts forecast that Lockheed Martin Co. will post 27.07 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be paid a $3.00 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.79%. Lockheed Martin’s payout ratio is presently 43.88%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LMT shares. Wells Fargo & Company upgraded Lockheed Martin from an “underweight” rating to an “equal weight” rating and set a $440.00 target price for the company in a research report on Monday. Royal Bank of Canada lowered their target price on Lockheed Martin from $500.00 to $475.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 19th. StockNews.com began coverage on shares of Lockheed Martin in a report on Thursday, August 17th. They issued a “buy” rating for the company. Citigroup reduced their price objective on shares of Lockheed Martin from $579.00 to $555.00 in a research report on Wednesday, July 19th. Finally, Susquehanna dropped their target price on shares of Lockheed Martin from $575.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $499.43.

Insider Buying and Selling

In other Lockheed Martin news, Director John Donovan purchased 548 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was bought at an average cost of $457.07 per share, for a total transaction of $250,474.36. Following the completion of the acquisition, the director now directly owns 3,378 shares in the company, valued at $1,543,982.46. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by insiders.

Lockheed Martin Company 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, Rotary and Mission Systems, and Space.