Lockheed Martin Corporation (NYSE:LMT) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK reduced its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 37.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,665 shares of the aerospace company's stock after selling 34,944 shares during the period. Capital Advisors Inc. OK's holdings in Lockheed Martin were worth $26,206,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Penserra Capital Management LLC boosted its holdings in Lockheed Martin by 42.2% in the 1st quarter. Penserra Capital Management LLC now owns 36,823 shares of the aerospace company's stock valued at $16,448,000 after purchasing an additional 10,925 shares during the last quarter. Pure Portfolios Holdings LLC raised its position in shares of Lockheed Martin by 6.1% during the 1st quarter. Pure Portfolios Holdings LLC now owns 1,169 shares of the aerospace company's stock valued at $522,000 after buying an additional 67 shares during the period. Jackson Wealth Management LLC lifted its holdings in Lockheed Martin by 0.5% in the first quarter. Jackson Wealth Management LLC now owns 9,637 shares of the aerospace company's stock valued at $4,305,000 after acquiring an additional 48 shares during the last quarter. One Day In July LLC purchased a new position in Lockheed Martin in the first quarter worth approximately $345,000. Finally, Maj Invest Holding A S acquired a new stake in Lockheed Martin during the first quarter worth $141,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LMT shares. 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 report on Monday, April 28th. Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a report on Wednesday, April 23rd. Finally, UBS Group upped their price target on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Up 1.4%

LMT stock traded up $6.42 during mid-day trading on Monday, reaching $468.94. The company had a trading volume of 1,223,396 shares, compared to its average volume of 1,357,154. The firm has a fifty day simple moving average of $470.60 and a 200 day simple moving average of $465.47. 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 fifty-two week low of $418.88 and a fifty-two week high of $618.95. The company has a market capitalization of $109.87 billion, a price-to-earnings ratio of 20.26, 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 results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping 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 company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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 dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 57.02%.

About Lockheed Martin

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.