Lockheed Martin Corporation (NYSE:LMT) Position Decreased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 31.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,433 shares of the aerospace company's stock after selling 2,067 shares during the period. Axxcess Wealth Management LLC's holdings in Lockheed Martin were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LMT. 49 Wealth Management LLC increased its stake in shares of Lockheed Martin by 3.4% in the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after buying an additional 22 shares during the period. OMNI 360 Wealth Inc. increased its stake in shares of Lockheed Martin by 2.5% in the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after buying an additional 22 shares during the period. Private Portfolio Partners LLC increased its stake in shares of Lockheed Martin by 4.8% in the fourth quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock valued at $244,000 after buying an additional 23 shares during the period. Tealwood Asset Management Inc. increased its stake in shares of Lockheed Martin by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after buying an additional 23 shares during the period. Finally, Southland Equity Partners LLC increased its stake in shares of Lockheed Martin by 3.1% in the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after buying an additional 23 shares during the period. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.3%

Shares of Lockheed Martin stock opened at $464.56 on Friday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The stock has a 50 day moving average price of $469.64 and a two-hundred day moving average price of $465.15. The stock has a market capitalization of $108.85 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The firm had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid 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 yield of 2.84%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price target for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. UBS Group increased their price target on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $533.13.

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.

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