Vontobel Holding Ltd. Acquires 3,940 Shares of Lockheed Martin Corporation (NYSE:LMT)

Vontobel Holding Ltd. lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 106.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,642 shares of the aerospace company's stock after purchasing an additional 3,940 shares during the period. Vontobel Holding Ltd.'s holdings in Lockheed Martin were worth $3,414,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. JNBA Financial Advisors lifted its holdings in Lockheed Martin by 38.5% in the first quarter. JNBA Financial Advisors now owns 162 shares of the aerospace company's stock valued at $72,000 after buying an additional 45 shares during the period. Mather Group LLC. lifted its holdings in Lockheed Martin by 251.0% in the first quarter. Mather Group LLC. now owns 4,549 shares of the aerospace company's stock valued at $2,032,000 after buying an additional 3,253 shares during the period. Cypress Capital LLC lifted its holdings in Lockheed Martin by 3.3% in the first quarter. Cypress Capital LLC now owns 5,368 shares of the aerospace company's stock valued at $2,398,000 after buying an additional 172 shares during the period. Benchmark Financial Wealth Advisors LLC lifted its holdings in Lockheed Martin by 31.6% in the first quarter. Benchmark Financial Wealth Advisors LLC now owns 658 shares of the aerospace company's stock valued at $294,000 after buying an additional 158 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its holdings in Lockheed Martin by 4.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 2,428 shares of the aerospace company's stock valued at $1,085,000 after buying an additional 110 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.2%

Shares of LMT stock traded up $0.76 during trading hours on Friday, hitting $463.31. 707,859 shares of the company were exchanged, compared to its average volume of 1,357,690. The business has a 50 day moving average of $470.60 and a two-hundred day moving average of $465.57. 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 Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a market capitalization of $108.55 billion, a PE ratio of 20.01, a PEG ratio of 1.61 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $17.83 billion. Analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business 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 dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is 57.02%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LMT shares. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. UBS Group increased their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Wells Fargo & Company cut 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 report on Tuesday, April 8th. Finally, Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $541.80.

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.