Fiduciary Alliance LLC Cuts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Fiduciary Alliance LLC lowered its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,392 shares of the aerospace company's stock after selling 1,804 shares during the period. Fiduciary Alliance LLC's holdings in Lockheed Martin were worth $6,876,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in LMT. LaFleur & Godfrey LLC grew its position in Lockheed Martin by 18.0% during the 4th quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock worth $562,000 after acquiring an additional 176 shares during the last quarter. Eagle Capital Management LLC boosted its stake in shares of Lockheed Martin by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after purchasing an additional 32 shares during the period. Brighton Jones LLC grew its holdings in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares during the last quarter. Hudson Portfolio Management LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $256,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

LMT has been the subject of several analyst reports. Morgan Stanley raised 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. UBS Group increased their target price 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. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group lowered their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Finally, Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective for the company in a report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Up 0.3%

LMT traded up $1.47 during midday trading on Tuesday, reaching $480.29. The company's stock had a trading volume of 1,031,698 shares, compared to its average volume of 1,296,171. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The stock's 50-day moving average is $464.70 and its 200-day moving average is $473.06. The firm has a market capitalization of $112.53 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.07 and a beta of 0.29. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. As a group, research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.75%. Lockheed Martin's payout ratio is presently 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.