Deutsche Bank AG Has $352.08 Million Stake in Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Deutsche Bank AG increased its stake in Lockheed Martin Corporation by 27.9%, owning 788,152 shares worth approximately $352.08 million as of the latest SEC filing.
• Lockheed Martin recently reported earnings of $7.29 per share, exceeding expectations, with total revenue of $18.16 billion, slightly below consensus estimates.
• The company declared a quarterly dividend of $3.30 per share, with a yield of 3.1%, payable on September 26th to shareholders of record on September 2nd.

Deutsche Bank AG boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 27.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 788,152 shares of the aerospace company's stock after buying an additional 172,065 shares during the quarter. Deutsche Bank AG owned approximately 0.34% of Lockheed Martin worth $352,075,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LMT. 49 Wealth Management LLC boosted its stake in shares of Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after purchasing an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. boosted its stake in Lockheed Martin by 2.5% in the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after acquiring an additional 22 shares during the last quarter. Tealwood Asset Management Inc. grew its holdings in Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock worth $2,559,000 after acquiring an additional 23 shares during the period. Southland Equity Partners LLC raised its position in shares of Lockheed Martin by 3.1% during the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after acquiring an additional 23 shares during the last quarter. Finally, Nvest Financial LLC raised its position in shares of Lockheed Martin by 0.6% during the 1st quarter. Nvest Financial LLC now owns 3,621 shares of the aerospace company's stock valued at $1,617,000 after acquiring an additional 23 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LMT shares. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a "market perform" rating in a research note on Monday, July 14th. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Susquehanna reduced their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Jefferies Financial Group lowered their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Fifteen analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $506.65.

Lockheed Martin Stock Down 0.9%

NYSE:LMT opened at $431.11 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The firm has a market capitalization of $100.65 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 1.52 and a beta of 0.27. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock's 50 day moving average price is $457.25 and its two-hundred day moving average price is $459.23.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period last year, the business posted $7.11 EPS. Lockheed Martin's revenue was up .2% on a year-over-year basis. Equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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 paid a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 3.1%. Lockheed Martin's dividend payout ratio is 74.32%.

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.

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