Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 5.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,834 shares of the aerospace company’s stock after purchasing an additional 2,826 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Lockheed Martin were worth $20,661,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LMT. Haverford Trust Co. grew its holdings in Lockheed Martin by 6.4% during the 2nd quarter. Haverford Trust Co. now owns 33,538 shares of the aerospace company’s stock worth $12,192,000 after acquiring an additional 2,011 shares in the last quarter. Lucia Wealth Services LLC grew its holdings in Lockheed Martin by 78.5% during the 2nd quarter. Lucia Wealth Services LLC now owns 191 shares of the aerospace company’s stock worth $69,000 after acquiring an additional 84 shares in the last quarter. Cypress Capital Management LLC grew its holdings in Lockheed Martin by 9.4% during the 1st quarter. Cypress Capital Management LLC now owns 1,754 shares of the aerospace company’s stock worth $526,000 after acquiring an additional 150 shares in the last quarter. Carroll Financial Associates Inc. grew its holdings in Lockheed Martin by 44.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,252 shares of the aerospace company’s stock worth $455,000 after acquiring an additional 386 shares in the last quarter. Finally, Cibc World Markets Corp grew its holdings in Lockheed Martin by 67.1% during the 2nd quarter. Cibc World Markets Corp now owns 69,474 shares of the aerospace company’s stock worth $25,257,000 after acquiring an additional 27,901 shares in the last quarter. Hedge funds and other institutional investors own 78.33% of the company’s stock.

In related news, SVP Maryanne Lavan sold 1,003 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total value of $366,596.50. Following the completion of the sale, the senior vice president now owns 1,478 shares in the company, valued at approximately $540,209. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kenneth R. Possenriede sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $363.85, for a total transaction of $727,700.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,503 shares of company stock valued at $8,292,527. 0.35% of the stock is owned by insiders.

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

LMT stock traded down $2.96 on Friday, hitting $390.47. The company’s stock had a trading volume of 37,021 shares, compared to its average volume of 916,989. The firm has a 50 day moving average of $379.18 and a two-hundred day moving average of $345.25. Lockheed Martin Co. has a 1 year low of $241.18 and a 1 year high of $399.96. The stock has a market cap of $111.40 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The company has a current ratio of 1.20, a quick ratio of 0.96 and a debt-to-equity ratio of 4.36.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, beating the consensus estimate of $4.74 by $0.26. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The firm had revenue of $14.42 billion during the quarter, compared to the consensus estimate of $14.17 billion. During the same quarter in the prior year, the firm earned $4.31 EPS. Lockheed Martin’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities analysts forecast that Lockheed Martin Co. will post 21.2 EPS for the current fiscal year.

The firm 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 $2.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $8.80 annualized dividend and a yield of 2.25%. Lockheed Martin’s dividend payout ratio (DPR) is 49.30%.

Lockheed Martin Profile

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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