Ameritas Advisory Services LLC Cuts Position in Lockheed Martin Corporation (NYSE:LMT)

Ameritas Advisory Services LLC lessened its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 20.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,137 shares of the aerospace company's stock after selling 1,308 shares during the period. Ameritas Advisory Services LLC's holdings in Lockheed Martin were worth $2,409,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in Lockheed Martin during the fourth quarter worth about $32,000. Mizuho Securities Co. Ltd. bought a new stake in Lockheed Martin in the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the 4th quarter worth approximately $35,000. Redwood Park Advisors LLC purchased a new stake in Lockheed Martin in the fourth quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin during the fourth quarter valued at approximately $42,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 0.7%

NYSE LMT traded down $3.12 during trading on Wednesday, hitting $462.82. The company had a trading volume of 1,127,121 shares, compared to its average volume of 1,353,208. The company's fifty day moving average is $470.98 and its 200-day moving average is $466.09. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The company has a market cap of $108.44 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 1.62 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.85%. Lockheed Martin's payout ratio is 57.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LMT. UBS Group upped their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Jefferies Financial Group dropped their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a research note on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

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.