Miramar Capital LLC Has $10.09 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Miramar Capital LLC decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,593 shares of the aerospace company’s stock after selling 172 shares during the period. Lockheed Martin accounts for approximately 2.5% of Miramar Capital LLC’s holdings, making the stock its 25th biggest holding. Miramar Capital LLC’s holdings in Lockheed Martin were worth $10,086,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Altrius Capital Management Inc raised its stake in shares of Lockheed Martin by 1.9% in the second quarter. Altrius Capital Management Inc now owns 8,986 shares of the aerospace company’s stock worth $4,198,000 after acquiring an additional 169 shares during the last quarter. Carolinas Wealth Consulting LLC raised its position in Lockheed Martin by 33.7% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 802 shares of the aerospace company’s stock worth $374,000 after purchasing an additional 202 shares during the last quarter. Lokken Investment Group LLC lifted its holdings in Lockheed Martin by 13.3% during the 2nd quarter. Lokken Investment Group LLC now owns 3,149 shares of the aerospace company’s stock worth $1,471,000 after buying an additional 370 shares in the last quarter. Blair William & Co. IL boosted its position in Lockheed Martin by 35.0% in the 2nd quarter. Blair William & Co. IL now owns 42,953 shares of the aerospace company’s stock valued at $20,063,000 after buying an additional 11,134 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Lockheed Martin by 18.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,429 shares of the aerospace company’s stock valued at $10,921,000 after buying an additional 3,681 shares during the period. Institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the 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 transaction, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LMT. Wells Fargo & Company upped their price target on Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target for the company in a research report on Tuesday, September 3rd. Susquehanna increased their price objective on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a report on Wednesday, July 24th. Finally, Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus target price of $553.43.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $566.00 on Thursday. The stock’s fifty day simple moving average is $541.35 and its 200 day simple moving average is $486.83. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $135.80 billion, a PE ratio of 20.71, a PEG ratio of 4.55 and a beta of 0.47. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $578.73.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $17.05 billion. During the same quarter last year, the firm posted $6.73 earnings per share. Lockheed Martin’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts predict that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is 46.10%.

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