BSW Wealth Partners Decreases Stake in Lockheed Martin Corporation (NYSE:LMT)

BSW Wealth Partners lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 40.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 941 shares of the aerospace company's stock after selling 647 shares during the quarter. BSW Wealth Partners' holdings in Lockheed Martin were worth $420,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. First American Bank increased its stake in shares of Lockheed Martin by 18.8% in the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after acquiring an additional 1,327 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in Lockheed Martin during the fourth quarter worth about $33,294,000. State of Wyoming boosted its holdings in Lockheed Martin by 93.9% in the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after purchasing an additional 539 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Lockheed Martin by 18.6% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after buying an additional 2,686 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in shares of Lockheed Martin by 3.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock valued at $49,893,000 after buying an additional 3,809 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.3%

Shares of NYSE LMT traded up $1.19 during mid-day trading on Monday, hitting $459.78. The company had a trading volume of 203,611 shares, compared to its average volume of 1,615,214. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a market capitalization of $107.73 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.60 and a beta of 0.29. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. The business's 50-day simple moving average is $470.80 and its 200 day simple moving average is $466.31.

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

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 57.02%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. UBS Group upped their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Jefferies Financial Group decreased their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Finally, Wall Street Zen cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Nine 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. According to MarketBeat, Lockheed Martin presently has a consensus rating of "Moderate Buy" and a consensus price target 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.