Lockheed Martin Corporation (NYSE:LMT) Stake Decreased by Mizuho Securities USA LLC

Mizuho Securities USA LLC decreased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 16.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,774 shares of the aerospace company's stock after selling 3,220 shares during the period. Mizuho Securities USA LLC's holdings in Lockheed Martin were worth $7,493,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LMT. GAMMA Investing LLC increased its position in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after purchasing an additional 1,986,600 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $526,587,000. Leigh Baldwin & CO. LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $451,985,000. Charles Schwab Investment Management Inc. increased its position 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. Finally, Capital Research Global Investors acquired a new position in Lockheed Martin during the 4th quarter worth approximately $229,987,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.1%

Shares of Lockheed Martin stock traded up $0.46 during trading hours on Friday, hitting $437.78. 1,500,331 shares of the company's stock traded hands, compared to its average volume of 1,682,531. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a market cap of $102.20 billion, a PE ratio of 24.65, a PEG ratio of 1.55 and a beta of 0.27. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock has a 50 day simple moving average of $452.51 and a 200-day simple moving average of $456.88.

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

Lockheed Martin Dividend Announcement

The business also recently announced 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. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is presently 74.32%.

Analysts Set New Price Targets

LMT has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Vertical Research reissued a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. UBS Group lowered their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Jefferies Financial Group decreased their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Fifteen investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $506.65.

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.