Private Advisor Group LLC Purchases 643 Shares of Lockheed Martin Corporation (NYSE:LMT)

Private Advisor Group LLC lifted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 1.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 51,896 shares of the aerospace company's stock after buying an additional 643 shares during the quarter. Private Advisor Group LLC's holdings in Lockheed Martin were worth $23,182,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nwam LLC boosted its holdings in shares of Lockheed Martin by 2.0% during the first quarter. Nwam LLC now owns 1,243 shares of the aerospace company's stock worth $555,000 after purchasing an additional 24 shares during the period. FLC Capital Advisors raised its position in Lockheed Martin by 5.4% during the first quarter. FLC Capital Advisors now owns 1,048 shares of the aerospace company's stock valued at $468,000 after acquiring an additional 54 shares in the last quarter. Archer Investment Corp raised its position in shares of Lockheed Martin by 5.1% in the first quarter. Archer Investment Corp now owns 6,738 shares of the aerospace company's stock valued at $3,010,000 after purchasing an additional 324 shares during the period. Evergreen Wealth Management LLC lifted its position in shares of Lockheed Martin by 2.0% during the 1st quarter. Evergreen Wealth Management LLC now owns 6,297 shares of the aerospace company's stock worth $2,813,000 after purchasing an additional 124 shares during the last quarter. Finally, Darden Wealth Group Inc lifted its position in shares of Lockheed Martin by 6.6% during the 1st quarter. Darden Wealth Group Inc now owns 698 shares of the aerospace company's stock worth $312,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LMT. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a "market perform" rating in a research report on Monday, July 14th. TD Cowen reiterated a "hold" rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company dropped their price target 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. Twelve investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of "Hold" and a consensus price target of $532.69.

Lockheed Martin Trading Down 1.1%

Lockheed Martin stock traded down $5.06 during midday trading on Friday, reaching $464.14. The stock had a trading volume of 1,843,659 shares, compared to its average volume of 1,374,525. The firm's fifty day simple moving average is $469.37 and its two-hundred day simple moving average is $464.26. The firm has a market cap of $108.75 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.63 and a beta of 0.28. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month high of $618.95. 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 (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Lockheed Martin 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.