Integrated Advisors Network LLC Has $2.78 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Integrated Advisors Network LLC cut its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 44.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,224 shares of the aerospace company's stock after selling 5,019 shares during the period. Integrated Advisors Network LLC's holdings in Lockheed Martin were worth $2,781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Lockheed Martin by 51.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock valued at $4,630,000 after acquiring an additional 3,247 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at $33,294,000. Private Advisor Group LLC grew its stake in shares of Lockheed Martin by 11.0% in the fourth quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock valued at $24,906,000 after buying an additional 5,075 shares in the last quarter. State of Wyoming grew its stake in shares of Lockheed Martin by 93.9% in the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after buying an additional 539 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Lockheed Martin by 3.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock valued at $49,893,000 after purchasing an additional 3,809 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on LMT shares. Royal Bank of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group reduced their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Nine research 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Trading Up 2.7%

Shares of Lockheed Martin stock traded up $12.36 on Thursday, hitting $468.96. 1,698,888 shares of the company's stock traded hands, compared to its average volume of 1,314,108. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The stock has a market capitalization of $109.88 billion, a PE ratio of 21.07, 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 current ratio of 1.13 and a quick ratio of 0.95. The firm's 50-day moving average price is $469.07 and its two-hundred day moving average price is $471.03.

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 for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. Lockheed Martin's payout ratio is presently 57.02%.

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.