Charles Schwab Investment Management Inc. Has $3.59 Billion Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Charles Schwab Investment Management Inc. increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,031,528 shares of the aerospace company's stock after buying an additional 560,457 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.43% of Lockheed Martin worth $3,587,444,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin in the 1st quarter valued at $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $40,000. Banque Transatlantique SA acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $43,000. Finally, EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research analyst reports. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Robert W. Baird cut their price objective on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. UBS Group cut their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Fifteen investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $506.65.

Lockheed Martin Trading Down 0.9%

LMT traded down $3.74 during midday trading on Thursday, hitting $431.11. 1,489,595 shares of the company were exchanged, compared to its average volume of 2,259,029. The firm has a market capitalization of $100.65 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.52 and a beta of 0.27. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The firm's 50 day moving average price is $457.25 and its 200-day moving average price is $459.23. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $7.11 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's payout ratio is currently 74.32%.

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.