Lockheed Martin Corporation (NYSE:LMT) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,529 shares of the aerospace company's stock after selling 968 shares during the quarter. Financial Counselors Inc.'s holdings in Lockheed Martin were worth $20,785,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter worth $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Lockheed Martin in the 4th quarter worth $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 1.1%

LMT traded down $5.11 on Tuesday, reaching $463.95. The company's stock had a trading volume of 409,874 shares, compared to its average volume of 1,353,512. The stock has a 50 day moving average of $470.45 and a two-hundred day moving average of $465.33. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $108.70 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95.

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

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.85%. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Jefferies Financial Group cut their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Finally, Robert W. Baird upgraded 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 report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $541.80.

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.