Lockheed Martin Corporation $LMT Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV lessened its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 41.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,585 shares of the aerospace company's stock after selling 1,118 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Lockheed Martin were worth $708,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after purchasing an additional 560,457 shares during the period. Northern Trust Corp raised its holdings in Lockheed Martin by 6.3% in the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock valued at $1,098,667,000 after acquiring an additional 134,662 shares in the last quarter. Invesco Ltd. raised its holdings in Lockheed Martin by 0.6% in the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock valued at $958,116,000 after acquiring an additional 12,899 shares in the last quarter. GAMMA Investing LLC lifted its stake in Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after acquiring an additional 1,986,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Lockheed Martin by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock worth $580,317,000 after acquiring an additional 24,512 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Royal Bank Of Canada lowered their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Robert W. Baird cut their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Finally, Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Fifteen equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and an average target price of $506.65.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $437.78 on Monday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The business has a 50 day simple moving average of $451.63 and a 200-day simple moving average of $456.74. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock has a market capitalization of $102.20 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.54 and a beta of 0.27.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.11 EPS. Equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.0%. Lockheed Martin's payout ratio is 74.32%.

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.

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