Dynamic Advisors Solutions LLC Sells 62 Shares of Lockheed Martin Corp. (LMT)
Dynamic Advisors Solutions LLC decreased its position in Lockheed Martin Corp. (NYSE:LMT) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,239 shares of the company’s stock after selling 62 shares during the period. Dynamic Advisors Solutions LLC’s holdings in Lockheed Martin Corp. were worth $556,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in LMT. Wellington Management Group LLP increased its position in Lockheed Martin Corp. by 5.9% in the first quarter. Wellington Management Group LLP now owns 10,282,849 shares of the company’s stock worth $2,277,650,000 after buying an additional 571,953 shares during the period. Geode Capital Management LLC increased its position in Lockheed Martin Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 2,276,461 shares of the company’s stock worth $503,268,000 after buying an additional 125,321 shares during the period. TIAA CREF Investment Management LLC increased its position in Lockheed Martin Corp. by 1.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,151,760 shares of the company’s stock worth $255,115,000 after buying an additional 17,669 shares during the period. Sarasin & Partners LLP increased its position in Lockheed Martin Corp. by 28.2% in the first quarter. Sarasin & Partners LLP now owns 724,118 shares of the company’s stock worth $160,392,000 after buying an additional 159,300 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position in Lockheed Martin Corp. by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 447,478 shares of the company’s stock worth $111,051,000 after buying an additional 1,953 shares during the period. 81.12% of the stock is owned by hedge funds and other institutional investors.
Lockheed Martin Corp. (NYSE:LMT) traded down 0.69% during mid-day trading on Friday, hitting $237.45. The stock had a trading volume of 2,892,900 shares. Lockheed Martin Corp. has a 52 week low of $199.01 and a 52 week high of $266.93. The company’s 50 day moving average is $251.40 and its 200-day moving average is $239.00. The stock has a market capitalization of $71.92 billion, a P/E ratio of 19.77 and a beta of 0.58.
Lockheed Martin Corp. (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $3.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.93 by $0.39. Lockheed Martin Corp. had a return on equity of 119.66% and a net margin of 7.37%. The business had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.56 billion. During the same quarter in the previous year, the firm earned $2.94 earnings per share. On average, analysts expect that Lockheed Martin Corp. will post $11.74 EPS 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 given a $1.65 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $6.60 annualized dividend and a yield of 2.78%. Lockheed Martin Corp.’s dividend payout ratio is currently 56.51%.
A number of equities research analysts have recently issued reports on LMT shares. Zacks Investment Research cut Lockheed Martin Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $245.00 price objective on shares of Lockheed Martin Corp. in a research note on Wednesday, August 24th. Vetr upgraded Lockheed Martin Corp. from a “buy” rating to a “strong-buy” rating and set a $275.75 price objective on the stock in a research note on Monday, August 29th. Credit Suisse Group AG reiterated a “neutral” rating and set a $255.00 price objective (up previously from $225.00) on shares of Lockheed Martin Corp. in a research note on Friday, July 22nd. Finally, Drexel Hamilton reiterated a “buy” rating and set a $284.00 price objective on shares of Lockheed Martin Corp. in a research note on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Lockheed Martin Corp. presently has a consensus rating of “Hold” and an average target price of $256.13.
In related news, insider Sondra L. Barbour sold 66,460 shares of the business’s stock in a transaction 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 directly owns 31,200 shares in the company, valued at approximately $7,979,088. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Orlando D. Carvalho sold 12,700 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were 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 disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.
About Lockheed Martin Corp.
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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