Core Alternative Capital Has $5.54 Million Position in Lockheed Martin Corporation (NYSE:LMT)

Core Alternative Capital lowered its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 18.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,402 shares of the aerospace company's stock after selling 2,803 shares during the period. Lockheed Martin makes up 1.3% of Core Alternative Capital's portfolio, making the stock its 28th biggest position. Core Alternative Capital's holdings in Lockheed Martin were worth $5,540,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Millstone Evans Group LLC bought a new position in Lockheed Martin during the fourth quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin in the fourth quarter worth $34,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Lockheed Martin during the fourth quarter worth $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of LMT stock traded up $6.42 during trading on Monday, reaching $468.94. 1,223,396 shares of the company's stock were exchanged, compared to its average volume of 1,357,156. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month high of $618.95. The stock has a market capitalization of $109.87 billion, a PE ratio of 20.26, a PEG ratio of 1.61 and a beta of 0.28. The firm's fifty day moving average price is $470.60 and its 200-day moving average price is $465.47. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79.

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

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's payout ratio is 57.02%.

Analyst Ratings Changes

Several equities research analysts have recently commented on LMT shares. Royal Bank Of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. 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 upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a research note on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

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.