Prospera Financial Services Inc Has $796,000 Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Prospera Financial Services Inc cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 31.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,024 shares of the aerospace company’s stock after selling 1,375 shares during the quarter. Prospera Financial Services Inc’s holdings in Lockheed Martin were worth $796,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Northern Trust Corp increased its position in Lockheed Martin by 1.3% in the second quarter. Northern Trust Corp now owns 3,153,040 shares of the aerospace company’s stock worth $1,146,256,000 after purchasing an additional 41,269 shares during the period. Bank of New York Mellon Corp increased its position in Lockheed Martin by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,981,732 shares of the aerospace company’s stock worth $720,440,000 after purchasing an additional 9,767 shares during the period. Charles Schwab Investment Management Inc. increased its position in Lockheed Martin by 3.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,940,513 shares of the aerospace company’s stock worth $705,455,000 after purchasing an additional 72,256 shares during the period. Thoroughbred Financial Services LLC increased its position in Lockheed Martin by 38,923.0% in the second quarter. Thoroughbred Financial Services LLC now owns 1,341,221 shares of the aerospace company’s stock worth $134,122,000 after purchasing an additional 1,337,784 shares during the period. Finally, Charles Schwab Investment Advisory Inc. increased its position in Lockheed Martin by 1.6% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 1,177,291 shares of the aerospace company’s stock worth $427,992,000 after purchasing an additional 18,498 shares during the period. Institutional investors own 78.33% of the company’s stock.

In other Lockheed Martin news, Director James D. Taiclet, Jr. acquired 1,354 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $376.32 per share, for a total transaction of $509,537.28. Following the acquisition, the director now directly owns 1,354 shares of the company’s stock, valued at approximately $509,537.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maryanne Lavan sold 1,003 shares of Lockheed Martin stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total value of $366,596.50. Following the transaction, the senior vice president now owns 1,478 shares in the company, valued at approximately $540,209. The disclosure for this sale can be found here. Insiders have sold a total of 22,503 shares of company stock worth $8,292,527 in the last quarter. 0.35% of the stock is currently owned by company insiders.

LMT traded up $2.28 during midday trading on Tuesday, reaching $394.94. 561,308 shares of the company were exchanged, compared to its average volume of 869,600. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.96 and a current ratio of 1.20. Lockheed Martin Co. has a one year low of $241.18 and a one year high of $394.60. The stock has a market capitalization of $108.68 billion, a P/E ratio of 22.13, a PEG ratio of 2.56 and a beta of 0.94. The stock’s 50-day simple moving average is $377.59 and its 200 day simple moving average is $343.96.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.74 by $0.26. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The business had revenue of $14.42 billion for the quarter, compared to analysts’ expectations of $14.17 billion. During the same quarter in the previous year, the business posted $4.31 EPS. Lockheed Martin’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, research analysts anticipate that Lockheed Martin Co. will post 21.2 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, August 30th. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

A number of brokerages recently commented on LMT. UBS Group lifted their price objective on Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Credit Suisse Group raised their target price on Lockheed Martin from $369.00 to $379.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on Lockheed Martin from $360.00 to $395.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Morgan Stanley raised their target price on Lockheed Martin from $356.00 to $376.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Finally, DZ Bank restated a “hold” rating on shares of Lockheed Martin in a report on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Lockheed Martin presently has a consensus rating of “Buy” and an average target price of $367.86.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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