Lockheed Martin Co. (NYSE:LMT) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,495 shares of the aerospace company's stock after selling 2,008 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Lockheed Martin were worth $5,100,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake in Lockheed Martin by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after purchasing an additional 1,132,461 shares during the period. Geode Capital Management LLC raised its holdings in Lockheed Martin by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock worth $2,374,557,000 after acquiring an additional 59,597 shares during the period. Northern Trust Corp raised its position in shares of Lockheed Martin by 6.3% during the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock valued at $1,098,667,000 after buying an additional 134,662 shares during the last quarter. Invesco Ltd. raised its position in Lockheed Martin by 17.5% in the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock worth $1,035,989,000 after purchasing an additional 318,007 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Lockheed Martin by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,743,757 shares of the aerospace company's stock worth $847,361,000 after buying an additional 15,085 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LMT shares. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Finally, Wall Street Zen lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Stock Performance

NYSE LMT traded up $2.60 on Thursday, reaching $472.58. 321,036 shares of the stock were exchanged, compared to its average volume of 1,292,886. The firm has a market capitalization of $110.72 billion, a PE ratio of 21.24, a PEG ratio of 2.07 and a beta of 0.29. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The company's 50-day simple moving average is $462.47 and its two-hundred day simple moving average is $475.74.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.79%. Lockheed Martin's dividend payout ratio is presently 57.02%.

Lockheed Martin Company Profile

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.