Lockheed Martin Corp. (LMT) Insider Sells in $3,235,706.00 Stock

Lockheed Martin Corp. (NYSE:LMT) insider Orlando D. Carvalho sold 12,700 shares of Lockheed Martin Corp. stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $254.78, for a total transaction of $3,235,706.00. Following the sale, the insider now directly owns 29,120 shares of the company’s stock, valued at approximately $7,419,193.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be given a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Tuesday, August 30th.

A hedge fund recently raised its stake in Lockheed Martin Corp. stock. Eagle Asset Management increased its position in shares of Lockheed Martin Corp. (NYSE:LMT) by 23.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,274 shares of the company’s stock after buying an additional 8,112 shares during the period. Eagle Asset Management’s holdings in Lockheed Martin Corp. were worth $8,970,000 as of its most recent SEC filing.

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