Rakuten Securities Inc. Acquires 679 Shares of Lockheed Martin Corporation (NYSE:LMT)

Rakuten Securities Inc. increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 273.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 927 shares of the aerospace company's stock after acquiring an additional 679 shares during the period. Rakuten Securities Inc.'s holdings in Lockheed Martin were worth $414,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. LaFleur & Godfrey LLC boosted its position in Lockheed Martin by 18.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock valued at $562,000 after buying an additional 176 shares in the last quarter. Eagle Capital Management LLC raised its stake in shares of Lockheed Martin by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after buying an additional 32 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after buying an additional 191 shares during the last quarter. Hudson Portfolio Management LLC bought a new stake in Lockheed Martin in the fourth quarter valued at approximately $256,000. Finally, Vontobel Holding Ltd. increased its stake in Lockheed Martin by 95.0% in the fourth quarter. Vontobel Holding Ltd. now owns 3,702 shares of the aerospace company's stock valued at $1,799,000 after purchasing an additional 1,804 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a report on Wednesday, April 16th. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Jefferies Financial Group dropped their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Price Performance

Shares of LMT traded down $11.07 during mid-day trading on Thursday, reaching $468.27. The company had a trading volume of 1,865,340 shares, compared to its average volume of 1,341,252. The company's 50 day simple moving average is $471.73 and its 200 day simple moving average is $468.91. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The company has a market capitalization of $109.72 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.63 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share 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 the consensus estimate of $17.83 billion. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.82%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

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.