Lockheed Martin Co. (LMT) Holdings Raised by Vantage Investment Advisors LLC
Vantage Investment Advisors LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,920 shares of the aerospace company’s stock after acquiring an additional 1,194 shares during the quarter. Lockheed Martin accounts for about 1.5% of Vantage Investment Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Vantage Investment Advisors LLC’s holdings in Lockheed Martin were worth $7,215,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Lockheed Martin by 0.7% in the second quarter. BlackRock Inc. now owns 17,248,707 shares of the aerospace company’s stock worth $5,095,787,000 after acquiring an additional 117,082 shares in the last quarter. Morgan Stanley increased its holdings in shares of Lockheed Martin by 4.4% in the second quarter. Morgan Stanley now owns 3,481,336 shares of the aerospace company’s stock worth $1,028,490,000 after acquiring an additional 147,745 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Lockheed Martin by 13.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,552,936 shares of the aerospace company’s stock worth $754,213,000 after buying an additional 292,851 shares during the period. FMR LLC boosted its position in shares of Lockheed Martin by 1.4% during the second quarter. FMR LLC now owns 2,337,478 shares of the aerospace company’s stock worth $690,562,000 after buying an additional 32,879 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Lockheed Martin by 2.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,598,709 shares of the aerospace company’s stock worth $472,307,000 after buying an additional 42,089 shares during the period. Institutional investors own 77.97% of the company’s stock.
In related news, VP Bruce L. Tanner sold 11,203 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $308.49, for a total transaction of $3,456,013.47. Following the completion of the transaction, the vice president now directly owns 79,770 shares of the company’s stock, valued at $24,608,247.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.
Shares of NYSE LMT opened at $289.23 on Tuesday. Lockheed Martin Co. has a 52 week low of $283.21 and a 52 week high of $363.00. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 13.46. The company has a market cap of $85.68 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.13 and a beta of 0.89.
Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 23rd. The aerospace company reported $5.14 EPS for the quarter, beating the consensus estimate of $4.31 by $0.83. Lockheed Martin had a return on equity of 2,680.55% and a net margin of 5.78%. The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same period in the prior year, the firm posted $3.24 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 17.71 EPS for the current year.
Lockheed Martin announced that its board has initiated a share buyback plan on Thursday, September 27th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the aerospace company to repurchase up to 1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Monday, December 3rd will be given a dividend of $2.20 per share. The ex-dividend date of this dividend is Friday, November 30th. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.00. This represents a $8.80 annualized dividend and a yield of 3.04%. Lockheed Martin’s dividend payout ratio is 60.02%.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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