Cypress Capital Management LLC WY Sells 3,625 Shares of Lockheed Martin Corporation (NYSE:LMT)

Cypress Capital Management LLC WY reduced its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 98.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71 shares of the aerospace company's stock after selling 3,625 shares during the period. Cypress Capital Management LLC WY's holdings in Lockheed Martin were worth $32,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Csenge Advisory Group grew its holdings in Lockheed Martin by 42.7% during the 1st quarter. Csenge Advisory Group now owns 5,746 shares of the aerospace company's stock worth $2,667,000 after acquiring an additional 1,719 shares in the last quarter. Buckhead Capital Management LLC raised its holdings in shares of Lockheed Martin by 0.7% in the 1st quarter. Buckhead Capital Management LLC now owns 11,854 shares of the aerospace company's stock valued at $5,295,000 after purchasing an additional 84 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Lockheed Martin by 1.3% in the 1st quarter. Private Advisor Group LLC now owns 51,896 shares of the aerospace company's stock valued at $23,182,000 after purchasing an additional 643 shares in the last quarter. Nwam LLC raised its holdings in shares of Lockheed Martin by 2.0% in the 1st quarter. Nwam LLC now owns 1,243 shares of the aerospace company's stock valued at $555,000 after purchasing an additional 24 shares in the last quarter. Finally, FLC Capital Advisors raised its holdings in shares of Lockheed Martin by 5.4% in the 1st quarter. FLC Capital Advisors now owns 1,048 shares of the aerospace company's stock valued at $468,000 after purchasing an additional 54 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LMT shares. TD Cowen restated a "hold" rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Twelve analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $532.69.

Lockheed Martin Stock Down 1.1%

NYSE:LMT traded down $5.06 during mid-day trading on Friday, reaching $464.14. The stock had a trading volume of 1,843,659 shares, compared to its average volume of 1,374,525. The business's 50 day moving average is $469.37 and its 200 day moving average is $464.26. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The stock has a market cap of $108.75 billion, a P/E ratio of 20.05, a PEG ratio of 1.63 and a beta of 0.28. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.84%. Lockheed Martin's dividend payout ratio is 57.02%.

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.