Stokes Capital Advisors LLC Has $5.55 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Stokes Capital Advisors LLC cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,059 shares of the aerospace company’s stock after selling 481 shares during the period. Lockheed Martin makes up approximately 1.9% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Stokes Capital Advisors LLC’s holdings in Lockheed Martin were worth $5,552,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Mcdonald Partners LLC grew its stake in shares of Lockheed Martin by 1.1% during the first quarter. Mcdonald Partners LLC now owns 1,865 shares of the aerospace company’s stock worth $882,000 after purchasing an additional 20 shares during the period. Amplius Wealth Advisors LLC grew its stake in shares of Lockheed Martin by 2.6% during the first quarter. Amplius Wealth Advisors LLC now owns 815 shares of the aerospace company’s stock worth $385,000 after purchasing an additional 21 shares during the period. Alhambra Investment Partners LLC grew its stake in shares of Lockheed Martin by 4.8% during the first quarter. Alhambra Investment Partners LLC now owns 476 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 22 shares during the period. Janiczek Wealth Management LLC grew its stake in shares of Lockheed Martin by 0.7% during the second quarter. Janiczek Wealth Management LLC now owns 3,262 shares of the aerospace company’s stock worth $1,502,000 after purchasing an additional 22 shares during the period. Finally, M Holdings Securities Inc. grew its stake in Lockheed Martin by 0.3% in the fourth quarter. M Holdings Securities Inc. now owns 8,113 shares of the aerospace company’s stock valued at $3,948,000 after acquiring an additional 23 shares during the period. 74.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lockheed Martin news, Director John Donovan purchased 548 shares of the stock in a transaction on Wednesday, July 19th. The shares were purchased at an average price of $457.07 per share, with a total value of $250,474.36. Following the completion of the transaction, the director now directly owns 3,378 shares in the company, valued at $1,543,982.46. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 1.3 %

LMT traded up $5.67 on Monday, hitting $429.72. 229,062 shares of the company were exchanged, compared to its average volume of 1,196,806. Lockheed Martin Co. has a 12 month low of $381.55 and a 12 month high of $508.10. The company has a market cap of $108.22 billion, a PE ratio of 15.62, a PEG ratio of 2.42 and a beta of 0.65. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.16 and a current ratio of 1.36. The stock’s fifty day moving average is $447.76 and its 200-day moving average is $459.96.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 18th. The aerospace company reported $6.73 earnings per share (EPS) 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 business had revenue of $16.69 billion for the quarter, compared to analyst estimates of $15.92 billion. During the same quarter in the prior year, the company posted $6.32 earnings per share. Lockheed Martin’s revenue was up 8.1% on a year-over-year basis. Equities research analysts predict that Lockheed Martin Co. will post 27.07 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Wall Street Analyst Weigh In

LMT has been the subject of a number of research analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $532.00 target price on shares of Lockheed Martin in a research note on Wednesday, July 19th. Wells Fargo & Company raised Lockheed Martin from an “underweight” rating to an “equal weight” rating and set a $440.00 target price for the company in a research note on Monday. StockNews.com initiated coverage on Lockheed Martin in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Royal Bank of Canada decreased their target price on Lockheed Martin from $500.00 to $475.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 19th. Finally, Susquehanna decreased their target price on Lockheed Martin from $575.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $499.43.

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, Rotary and Mission Systems, and Space.