Choreo LLC Has $6.60 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Choreo LLC trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 4.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,765 shares of the aerospace company's stock after selling 679 shares during the quarter. Choreo LLC's holdings in Lockheed Martin were worth $6,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LMT. Eagle Capital Management LLC raised its position in Lockheed Martin by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after buying an additional 32 shares during the period. Brighton Jones LLC raised its position in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after buying an additional 191 shares during the period. Hudson Portfolio Management LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $256,000. Millstone Evans Group LLC acquired a new stake in Lockheed Martin during the fourth quarter valued at $32,000. Finally, American Century Companies Inc. boosted its position in Lockheed Martin by 3.3% during the fourth quarter. American Century Companies Inc. now owns 174,126 shares of the aerospace company's stock valued at $84,615,000 after purchasing an additional 5,548 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 0.2%

NYSE LMT traded up $1.05 during trading on Friday, hitting $421.60. 2,458,783 shares of the company traded hands, compared to its average volume of 1,823,272. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $98.43 billion, a P/E ratio of 23.74, a PEG ratio of 1.45 and a beta of 0.28. The business has a fifty day simple moving average of $465.80 and a 200 day simple moving average of $462.67.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The company's revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $7.11 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS 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 dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 3.13%. Lockheed Martin's dividend payout ratio is 74.32%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LMT. Wells Fargo & Company reduced their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. UBS Group reduced their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research report on Wednesday. Jefferies Financial Group reduced their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. TD Cowen reissued a "hold" rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Vertical Research reissued a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday. Fifteen analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $506.65.

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.