J.W. Cole Advisors Inc. Has $12.05 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

J.W. Cole Advisors Inc. grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 85.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,969 shares of the aerospace company's stock after buying an additional 12,421 shares during the period. J.W. Cole Advisors Inc.'s holdings in Lockheed Martin were worth $12,047,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TruNorth Capital Management LLC purchased a new stake in shares of Lockheed Martin in the 1st quarter worth $31,000. Millstone Evans Group LLC purchased a new position in Lockheed Martin during the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. purchased a new position 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 fourth quarter valued at approximately $35,000. Finally, Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $40,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Lockheed Martin stock traded up $11.44 during mid-day trading on Wednesday, hitting $422.18. The company's stock had a trading volume of 2,919,116 shares, compared to its average volume of 1,413,838. 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 stock has a market capitalization of $98.92 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The stock's fifty day moving average price is $469.37 and its two-hundred day moving average price is $464.14.

Lockheed Martin (NYSE:LMT - Get Free Report) last released 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. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. Research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 dividend on an annualized basis and a yield of 3.13%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LMT shares. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday. Robert W. Baird dropped their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research report on Wednesday. Vertical Research reissued a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday. Finally, Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Fourteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $509.35.

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.