Lockheed Martin Co. (NYSE:LMT) Shares Sold by Wade Financial Advisory Inc

Wade Financial Advisory Inc trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,605 shares of the aerospace company’s stock after selling 25 shares during the period. Wade Financial Advisory Inc’s holdings in Lockheed Martin were worth $750,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LMT. First Pacific Financial bought a new position in Lockheed Martin during the 1st quarter valued at $25,000. Altshuler Shaham Ltd bought a new position in shares of Lockheed Martin in the 4th quarter worth about $26,000. Wiser Advisor Group LLC lifted its position in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after buying an additional 25 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of Lockheed Martin in the 1st quarter worth about $30,000. Finally, Thompson Investment Management Inc. bought a new position in shares of Lockheed Martin in the 1st quarter worth about $38,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.4 %

Shares of LMT traded down $2.02 during midday trading on Friday, hitting $555.01. The stock had a trading volume of 870,355 shares, compared to its average volume of 1,078,855. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $564.22. The business has a 50-day simple moving average of $504.16 and a two-hundred day simple moving average of $469.09. The firm has a market cap of $133.17 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. 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 (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $6.73 earnings per share. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.71 EPS 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 given a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.27%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Analyst Ratings Changes

LMT has been the topic of a number of recent research reports. Bank of America upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and raised their price target for the stock from $465.00 to $635.00 in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and increased their price objective for the stock from $540.00 to $600.00 in a report on Friday, July 26th. Susquehanna increased their price objective on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Finally, UBS Group increased their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.85.

Insider Buying and Selling

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

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.