J.W. Cole Advisors Inc. Buys 12,421 Shares of Lockheed Martin Corporation (NYSE:LMT)

J.W. Cole Advisors Inc. raised its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 85.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,969 shares of the aerospace company's stock after purchasing an additional 12,421 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Lockheed Martin were worth $12,047,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Signet Investment Advisory Group Inc. increased its stake in shares of Lockheed Martin by 1.3% in the 1st quarter. Signet Investment Advisory Group Inc. now owns 2,744 shares of the aerospace company's stock valued at $1,226,000 after buying an additional 34 shares during the period. Atlantic Union Bankshares Corp increased its stake in shares of Lockheed Martin by 27.0% in the 1st quarter. Atlantic Union Bankshares Corp now owns 8,317 shares of the aerospace company's stock valued at $3,715,000 after buying an additional 1,766 shares during the period. Twin Capital Management Inc. acquired a new stake in shares of Lockheed Martin in the 1st quarter valued at $677,000. Montag A & Associates Inc. increased its stake in shares of Lockheed Martin by 1.0% in the 1st quarter. Montag A & Associates Inc. now owns 7,976 shares of the aerospace company's stock valued at $3,563,000 after buying an additional 80 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Lockheed Martin by 28.4% in the 1st quarter. IFP Advisors Inc now owns 11,295 shares of the aerospace company's stock valued at $5,058,000 after buying an additional 2,501 shares during the period. Institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Jefferies Financial Group lowered 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. Royal Bank Of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective for the company in a research note on Wednesday, April 23rd. Finally, Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Twelve research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin presently has an average rating of "Hold" and an average target price of $532.69.

Lockheed Martin Stock Down 0.5%

Shares of Lockheed Martin stock traded down $2.29 during trading on Monday, reaching $461.67. The stock had a trading volume of 1,573,202 shares, compared to its average volume of 1,375,329. The company has a market capitalization of $108.17 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 1.63 and a beta of 0.28. The stock has a fifty day moving average price of $469.37 and a two-hundred day moving average price of $464.14. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79.

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

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.86%. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.

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.