MOKAN Wealth Management Inc. Sells 2,074 Shares of Lockheed Martin Corporation (NYSE:LMT)

MOKAN Wealth Management Inc. cut its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 56.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,571 shares of the aerospace company's stock after selling 2,074 shares during the quarter. MOKAN Wealth Management Inc.'s holdings in Lockheed Martin were worth $703,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Lockheed Martin by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after acquiring an additional 1,132,461 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lockheed Martin by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock worth $2,374,557,000 after purchasing an additional 59,597 shares in the last quarter. Northern Trust Corp lifted its stake in Lockheed Martin by 6.3% during the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock valued at $1,098,667,000 after purchasing an additional 134,662 shares during the last quarter. Invesco Ltd. boosted its holdings in Lockheed Martin by 17.5% during the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock worth $1,035,989,000 after buying an additional 318,007 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after buying an additional 1,986,600 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LMT. Jefferies Financial Group cut 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. UBS Group lifted 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. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Stock Up 0.2%

LMT traded up $0.69 during midday trading on Friday, hitting $458.59. 1,995,444 shares of the company's stock traded hands, compared to its average volume of 1,357,054. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. Lockheed Martin Corporation has a one year low of $418.88 and a one year high of $618.95. The stock's fifty day simple moving average is $470.80 and its 200-day simple moving average is $466.78. The company has a market cap of $107.45 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.60 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its 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 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

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.