Calamos Advisors LLC Decreases Position in Lockheed Martin Co. (NYSE:LMT)
Calamos Advisors LLC decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,780 shares of the aerospace company’s stock after selling 9,210 shares during the period. Calamos Advisors LLC’s holdings in Lockheed Martin were worth $29,812,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of LMT. FMR LLC lifted its holdings in Lockheed Martin by 42.0% during the 2nd quarter. FMR LLC now owns 3,368,655 shares of the aerospace company’s stock worth $1,229,291,000 after buying an additional 995,998 shares during the last quarter. Bank of America Corp DE lifted its holdings in Lockheed Martin by 6.1% during the 2nd quarter. Bank of America Corp DE now owns 9,017,771 shares of the aerospace company’s stock worth $3,290,766,000 after buying an additional 519,019 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in Lockheed Martin by 115.3% during the 2nd quarter. Two Sigma Advisers LP now owns 677,892 shares of the aerospace company’s stock worth $247,376,000 after buying an additional 362,999 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Lockheed Martin by 11.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,360,935 shares of the aerospace company’s stock worth $861,553,000 after buying an additional 241,810 shares during the last quarter. Finally, Scharf Investments LLC bought a new position in Lockheed Martin during the 3rd quarter worth approximately $83,730,000. 77.56% of the stock is owned by institutional investors.
NYSE LMT traded down $8.85 on Wednesday, reaching $353.58. 45,102 shares of the stock traded hands, compared to its average volume of 1,486,930. The firm’s fifty day simple moving average is $384.48 and its 200 day simple moving average is $380.63. The company has a quick ratio of 1.08, a current ratio of 1.31 and a debt-to-equity ratio of 3.22. The company has a market cap of $101.40 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 2.26 and a beta of 0.95. Lockheed Martin Co. has a 12 month low of $266.11 and a 12 month high of $442.53.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $2.60 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $2.40. This represents a $10.40 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Monday, November 30th. Lockheed Martin’s dividend payout ratio (DPR) is presently 43.74%.
A number of research analysts have commented on LMT shares. Royal Bank of Canada increased their target price on Lockheed Martin from $405.00 to $414.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 21st. The Goldman Sachs Group cut Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Morgan Stanley began coverage on Lockheed Martin in a research report on Tuesday, September 8th. They set an “overweight” rating and a $509.00 price target on the stock. Credit Suisse Group dropped their price target on Lockheed Martin from $433.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday, July 17th. Finally, ValuEngine cut Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Lockheed Martin currently has an average rating of “Buy” and a consensus price target of $451.18.
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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.
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