Cantor Fitzgerald Investment Advisors L.P. Boosts Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Cantor Fitzgerald Investment Advisors L.P. boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 18.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,129 shares of the aerospace company's stock after acquiring an additional 2,686 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Lockheed Martin were worth $7,652,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LMT. GAMMA Investing LLC raised its holdings in shares of Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after buying an additional 1,986,600 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Lockheed Martin by 53,784.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after acquiring an additional 1,233,275 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after acquiring an additional 1,132,461 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $526,587,000. Finally, Leigh Baldwin & CO. LLC purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at $451,985,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on LMT shares. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a research note on Wednesday, April 23rd. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a report on Wednesday, April 16th. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Royal Bank Of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Finally, Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Trading Up 0.3%

Shares of NYSE LMT traded up $1.61 during midday trading on Friday, hitting $470.21. 2,416,865 shares of the company traded hands, compared to its average volume of 1,345,546. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-month high of $618.95. The stock has a 50-day moving average price of $471.73 and a 200 day moving average price of $468.91. The firm has a market cap of $110.17 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.63 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The company 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%. As a group, analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 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 2.81%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's payout ratio is currently 57.02%.

Lockheed Martin 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.