Semmax Financial Advisors Inc. Has $445,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Semmax Financial Advisors Inc. cut its stake in Lockheed Martin Co. (NYSE:LMT) by 78.3% in the second quarter, Holdings Channel.com reports. The firm owned 953 shares of the aerospace company’s stock after selling 3,433 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Lockheed Martin were worth $445,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LMT. HTLF Bank grew its holdings in shares of Lockheed Martin by 3.7% during the second quarter. HTLF Bank now owns 565 shares of the aerospace company’s stock worth $264,000 after buying an additional 20 shares in the last quarter. tru Independence LLC grew its stake in shares of Lockheed Martin by 2.5% during the 2nd quarter. tru Independence LLC now owns 827 shares of the aerospace company’s stock worth $386,000 after acquiring an additional 20 shares in the last quarter. Sachetta LLC raised its holdings in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares during the last quarter. Goldstein Advisors LLC lifted its position in shares of Lockheed Martin by 1.2% in the second quarter. Goldstein Advisors LLC now owns 1,731 shares of the aerospace company’s stock worth $809,000 after purchasing an additional 21 shares in the last quarter. Finally, Hudock Inc. boosted its holdings in Lockheed Martin by 1.3% during the first quarter. Hudock Inc. now owns 1,760 shares of the aerospace company’s stock worth $801,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent research reports. Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research note on Tuesday, September 3rd. Bank of America reiterated a “buy” rating and set a $635.00 price objective on shares of Lockheed Martin in a research note on Friday, August 30th. Royal Bank of Canada upgraded shares of Lockheed Martin from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $500.00 to $600.00 in a report on Monday, August 5th. Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Company upped their target price on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $553.43.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $580.59 on Tuesday. The company has a 50-day simple moving average of $547.94 and a two-hundred day simple moving average of $490.19. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $581.75. The stock has a market capitalization of $139.31 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. During the same period in the previous year, the company posted $6.73 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts forecast that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.17%. Lockheed Martin’s payout ratio is currently 46.10%.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the transaction, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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