Lockheed Martin Corporation (NYSE:LMT) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 20.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 9,097 shares of the aerospace company's stock after selling 2,390 shares during the period. Stratos Wealth Partners LTD.'s holdings in Lockheed Martin were worth $4,064,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LMT. Private Portfolio Partners LLC lifted its holdings in Lockheed Martin by 4.8% in the fourth quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock valued at $244,000 after acquiring an additional 23 shares during the period. Tealwood Asset Management Inc. increased its holdings in Lockheed Martin by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after buying an additional 23 shares in the last quarter. Southland Equity Partners LLC increased its holdings in Lockheed Martin by 3.1% in the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after buying an additional 23 shares in the last quarter. Nvest Financial LLC raised its position in shares of Lockheed Martin by 0.6% in the first quarter. Nvest Financial LLC now owns 3,621 shares of the aerospace company's stock worth $1,617,000 after acquiring an additional 23 shares during the period. Finally, Reston Wealth Management LLC boosted its stake in shares of Lockheed Martin by 4.5% during the 1st quarter. Reston Wealth Management LLC now owns 533 shares of the aerospace company's stock worth $238,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

LMT stock traded up $3.17 during mid-day trading on Friday, reaching $467.48. The company's stock had a trading volume of 1,208,544 shares, compared to its average volume of 1,364,460. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The company's 50 day moving average is $469.54 and its two-hundred day moving average is $465.01. Lockheed Martin Corporation has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The stock has a market cap of $109.53 billion, a PE ratio of 20.19, a P/E/G ratio of 1.63 and a beta of 0.28.

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 (EPS) for the quarter, beating 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 business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Equities research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.82%. Lockheed Martin's dividend payout ratio is presently 57.02%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LMT. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price objective for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $531.47.

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.