Capital Advisors Ltd. LLC Has $491,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

Capital Advisors Ltd. LLC raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,051 shares of the aerospace company’s stock after purchasing an additional 61 shares during the period. Capital Advisors Ltd. LLC’s holdings in Lockheed Martin were worth $491,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LMT. First Pacific Financial acquired a new position in Lockheed Martin during the 1st quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $26,000. Wiser Advisor Group LLC boosted its stake in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 25 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in Lockheed Martin in the 1st quarter valued at approximately $30,000. Finally, Thompson Investment Management Inc. bought a new position in Lockheed Martin during the first quarter worth $38,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.4 %

Shares of NYSE LMT traded down $2.02 during midday trading on Friday, reaching $555.01. The company’s stock had a trading volume of 870,355 shares, compared to its average volume of 1,078,855. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $564.22. The stock has a 50 day simple moving average of $504.16 and a 200-day simple moving average of $469.36. The stock has a market capitalization of $133.17 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 4.40 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. During the same quarter in the prior year, the firm posted $6.73 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts predict that Lockheed Martin Co. will post 26.71 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be paid a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.27%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Insider Buying and Selling at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the sale, the insider now directly owns 8,877 shares in the company, valued at approximately $4,574,850.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of several research reports. UBS Group raised their target price on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Bank of America upgraded Lockheed Martin from a “neutral” rating to a “buy” rating and increased their price target for the stock from $465.00 to $635.00 in a research report on Wednesday, July 31st. Barclays increased their price objective on shares of Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Morgan Stanley increased their price target on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $541.85.

About Lockheed Martin

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.