Greenleaf Trust decreased its position in Lockheed Martin Corp. (NYSE:LMT) by 10.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,453 shares of the company’s stock after selling 5,435 shares during the period. Lockheed Martin Corp. makes up about 0.3% of Greenleaf Trust’s holdings, making the stock its 19th largest position. Greenleaf Trust’s holdings in Lockheed Martin Corp. were worth $11,032,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. AMP Capital Investors Ltd increased its position in Lockheed Martin Corp. by 4.3% in the first quarter. AMP Capital Investors Ltd now owns 150,260 shares of the company’s stock worth $33,500,000 after buying an additional 6,258 shares during the last quarter. Sabal Trust CO increased its position in Lockheed Martin Corp. by 1.2% in the second quarter. Sabal Trust CO now owns 107,442 shares of the company’s stock worth $26,664,000 after buying an additional 1,232 shares during the last quarter. UMB Bank N A MO increased its position in Lockheed Martin Corp. by 9.9% in the second quarter. UMB Bank N A MO now owns 66,298 shares of the company’s stock worth $16,453,000 after buying an additional 5,998 shares during the last quarter. Standard Life Investments LTD increased its position in Lockheed Martin Corp. by 1.2% in the second quarter. Standard Life Investments LTD now owns 292,788 shares of the company’s stock worth $72,698,000 after buying an additional 3,573 shares during the last quarter. Finally, LPL Financial LLC increased its position in Lockheed Martin Corp. by 11.9% in the first quarter. LPL Financial LLC now owns 373,404 shares of the company’s stock worth $84,247,000 after buying an additional 39,736 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Lockheed Martin Corp. (NYSE:LMT)

Shares of Lockheed Martin Corp. (NYSE:LMT) traded down 0.51% on Friday, reaching $233.53. The company had a trading volume of 2,183,925 shares. The company’s 50-day moving average price is $243.09 and its 200 day moving average price is $241.57. Lockheed Martin Corp. has a 52 week low of $200.47 and a 52 week high of $266.93. The firm has a market capitalization of $70.74 billion, a P/E ratio of 19.45 and a beta of 0.59.

Lockheed Martin Corp. (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 19th. The company reported $3.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.93 by $0.39. The business earned $12.90 billion during the quarter, compared to analysts’ expectations of $12.56 billion. Lockheed Martin Corp. had a return on equity of 119.66% and a net margin of 7.37%. During the same period in the prior year, the firm posted $2.94 EPS. On average, analysts expect that Lockheed Martin Corp. will post $11.75 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 1st will be given a dividend of $1.82 per share. This is a boost from Lockheed Martin Corp.’s previous quarterly dividend of $1.65. This represents a $7.28 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, November 29th. Lockheed Martin Corp.’s dividend payout ratio is currently 56.51%.

LMT has been the topic of a number of recent research reports. Barclays PLC reissued an “underweight” rating and set a $245.00 price target (down previously from $250.00) on shares of Lockheed Martin Corp. in a research report on Monday. Jefferies Group reissued a “neutral” rating on shares of Lockheed Martin Corp. in a research report on Tuesday, August 30th. Vetr raised Lockheed Martin Corp. from a “buy” rating to a “strong-buy” rating and set a $275.75 price target on the stock in a research report on Monday, August 29th. Citigroup Inc. reaffirmed a “buy” rating and set a $284.00 price objective (up previously from $239.00) on shares of Lockheed Martin Corp. in a research report on Tuesday, September 6th. Finally, JPMorgan Chase & Co. began coverage on Lockheed Martin Corp. in a research report on Thursday, August 25th. They set a “neutral” rating and a $284.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $259.77.

In related news, insider Orlando D. Carvalho sold 12,700 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $254.78, for a total value of $3,235,706.00. Following the completion of the sale, the insider now directly owns 29,120 shares of the company’s stock, valued at approximately $7,419,193.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Sondra L. Barbour sold 66,460 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $255.74, for a total value of $16,996,480.40. Following the completion of the sale, the insider now directly owns 31,200 shares of the company’s stock, valued at $7,979,088. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Lockheed Martin Corp. Company Profile

Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, integration and sustainment of advanced technology systems, products and services. It operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.

5 Day Chart for NYSE:LMT

Receive News & Stock Ratings for Lockheed Martin Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin Corp. and related stocks with our FREE daily email newsletter.