J.W. Cole Advisors Inc. Acquires 2,636 Shares of Lockheed Martin Co. (NYSE:LMT)

J.W. Cole Advisors Inc. increased its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 25.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,845 shares of the aerospace company's stock after acquiring an additional 2,636 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Lockheed Martin were worth $6,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Prosperity Consulting Group LLC increased its position in shares of Lockheed Martin by 3.3% in the second quarter. Prosperity Consulting Group LLC now owns 1,734 shares of the aerospace company's stock valued at $810,000 after acquiring an additional 56 shares during the period. Chronos Wealth Management LLC increased its holdings in Lockheed Martin by 0.4% during the 2nd quarter. Chronos Wealth Management LLC now owns 11,561 shares of the aerospace company's stock valued at $5,400,000 after purchasing an additional 43 shares during the period. OV Management LLC raised its position in Lockheed Martin by 1.4% during the 2nd quarter. OV Management LLC now owns 3,245 shares of the aerospace company's stock valued at $1,516,000 after purchasing an additional 45 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Lockheed Martin by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 833,264 shares of the aerospace company's stock worth $389,218,000 after buying an additional 2,942 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Lockheed Martin by 3.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,738 shares of the aerospace company's stock worth $12,022,000 after buying an additional 906 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Timothy S. Cahill sold 3,975 shares of the business's stock in a transaction that occurred on Wednesday, July 24th. The shares were 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 directly owns 8,877 shares of the company's stock, valued at $4,574,850.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.

Lockheed Martin Stock Up 0.3 %

LMT stock traded up $1.64 during trading on Friday, hitting $569.91. 638,809 shares of the stock traded hands, compared to its average volume of 1,060,754. The stock has a market cap of $135.84 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $578.73. The firm's 50 day moving average is $534.89 and its two-hundred day moving average is $483.90.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating analysts' consensus estimates of $6.45 by $0.66. The firm had revenue of $18.12 billion for 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 business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.73 earnings per share. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed 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 of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.21%. Lockheed Martin's dividend payout ratio (DPR) is presently 46.10%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LMT. TD Cowen raised Lockheed Martin from a "hold" rating to a "buy" rating and raised their price target for the stock from $480.00 to $560.00 in a research note on Wednesday, July 24th. Melius Research raised shares of Lockheed Martin to a "strong-buy" rating in a research report on Tuesday, September 3rd. Barclays boosted their price target on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating and raised their price objective for the stock from $540.00 to $600.00 in a report on Friday, July 26th. Finally, Susquehanna upped their target price on Lockheed Martin from $540.00 to $565.00 and gave the stock a "positive" 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, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $553.43.

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