BlackRock Advisors LLC lowered its stake in shares of Lockheed Martin Corp. (NYSE:LMT) by 11.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,314,903 shares of the company’s stock after selling 168,049 shares during the period. BlackRock Advisors LLC owned approximately 0.43% of Lockheed Martin Corp. worth $326,319,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Americafirst Capital Management LLC bought a new stake in shares of Lockheed Martin Corp. during the second quarter valued at $103,000. Arrow Financial Corp boosted its stake in shares of Lockheed Martin Corp. by 3.5% in the second quarter. Arrow Financial Corp now owns 439 shares of the company’s stock valued at $109,000 after buying an additional 15 shares in the last quarter. Signaturefd LLC boosted 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. First Personal Financial Services boosted its stake in shares of Lockheed Martin Corp. by 163.1% in the second quarter. First Personal Financial Services now owns 542 shares of the company’s stock valued at $135,000 after buying an additional 336 shares in the last quarter. Finally, Reilly Financial Advisors LLC boosted its stake in shares of Lockheed Martin Corp. by 13.1% in the second quarter. Reilly Financial Advisors LLC now owns 588 shares of the company’s stock valued at $146,000 after buying an additional 68 shares in the last quarter. Institutional investors own 81.12% of the company’s stock.

Shares of Lockheed Martin Corp. (NYSE:LMT) opened at 240.88 on Tuesday. The company has a 50 day moving average price of $249.65 and a 200-day moving average price of $239.62. Lockheed Martin Corp. has a one year low of $199.01 and a one year high of $266.93. The stock has a market cap of $72.96 billion, a price-to-earnings ratio of 20.06 and a beta of 0.58.

Lockheed Martin Corp. (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 19th. The company reported $3.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.93 by $0.39. The company earned $12.90 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $2.94 EPS. Equities analysts predict that Lockheed Martin Corp. will post $11.74 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be issued a $1.65 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $6.60 dividend on an annualized basis and a yield of 2.74%. Lockheed Martin Corp.’s payout ratio is 56.51%.

A number of equities analysts have recently issued reports on the company. Argus raised their price target 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. Citigroup Inc. reiterated a “buy” rating and set a $284.00 target price (up from $239.00) on shares of Lockheed Martin Corp. in a research report on Tuesday, September 6th. Zacks Investment Research upgraded Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $288.00 target price on the stock in a research report on Monday, July 18th. Berenberg Bank downgraded Lockheed Martin Corp. from a “buy” rating to a “hold” rating and lifted their target price for the company from $250.00 to $260.00 in a research report on Tuesday, May 31st. Finally, Jefferies Group reiterated a “hold” rating on shares of Lockheed Martin Corp. in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $257.32.

In other news, insider Orlando D. Carvalho sold 12,700 shares of the firm’s 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 completion of the sale, the insider now owns 29,120 shares in the company, valued at approximately $7,419,193.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sondra L. Barbour sold 66,460 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was 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 of the company’s stock, valued at approximately $7,979,088. The disclosure for this sale can be found here. 0.42% of the stock is currently 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.

5 Day Chart for NYSE:LMT

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