Lockheed Martin Corporation (NYSE:LMT) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 20.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,434 shares of the aerospace company's stock after selling 2,448 shares during the period. OneDigital Investment Advisors LLC's holdings in Lockheed Martin were worth $4,214,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LMT. GAMMA Investing LLC boosted its position in shares of Lockheed Martin by 41,104.9% during 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 period. Castlekeep Investment Advisors LLC purchased a new position in Lockheed Martin during the 4th quarter valued at about $526,587,000. Leigh Baldwin & CO. LLC purchased a new position in Lockheed Martin during the 4th quarter valued at about $451,985,000. Capital Research Global Investors acquired a new position in Lockheed Martin in the 4th quarter valued at about $229,987,000. Finally, Demars Financial Group LLC lifted its position in shares of Lockheed Martin by 47,002.5% during the fourth quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock worth $210,579,000 after purchasing an additional 432,423 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LMT shares. Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Wells Fargo & Company reduced their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Finally, Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research report on Wednesday, April 23rd. Nine investment 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. Based on data from MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $6.42 during trading on Monday, reaching $468.94. The company's stock had a trading volume of 1,223,396 shares, compared to its average volume of 1,357,156. The company has a 50-day moving average price of $470.60 and a two-hundred day moving average price of $465.47. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The firm has a market cap of $109.87 billion, a PE ratio of 20.26, a P/E/G ratio of 1.61 and a beta of 0.28. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. On average, analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current 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. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. 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.