Lockheed Martin Co. (NYSE:LMT) Shares Sold by Dividend Assets Capital LLC

Dividend Assets Capital LLC cut its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,412 shares of the aerospace company's stock after selling 850 shares during the quarter. Dividend Assets Capital LLC's holdings in Lockheed Martin were worth $2,418,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LMT. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $34,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Lockheed Martin during the fourth quarter worth about $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 4.1%

Shares of LMT stock traded down $19.70 during trading hours on Wednesday, reaching $457.20. The company had a trading volume of 3,614,624 shares, compared to its average volume of 1,311,412. The company has a market capitalization of $107.12 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The stock's fifty day simple moving average is $468.58 and its 200 day simple moving average is $471.13.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued 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. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. As a group, sell-side analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.89%. Lockheed Martin's dividend payout ratio is currently 57.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LMT shares. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research report on Wednesday, April 16th. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Royal Bank of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Finally, 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 report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Company 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.