Wealth Enhancement Advisory Services LLC Has $102.07 Million Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Wealth Enhancement Advisory Services LLC increased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 15.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 228,483 shares of the aerospace company's stock after purchasing an additional 30,890 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.10% of Lockheed Martin worth $102,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. Private Portfolio Partners LLC grew its stake in Lockheed Martin by 4.8% during the fourth quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company's stock worth $244,000 after purchasing an additional 23 shares during the period. Tealwood Asset Management Inc. grew its stake in Lockheed Martin by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock worth $2,559,000 after purchasing an additional 23 shares during the period. Invenio Wealth Partners LLC grew its stake in Lockheed Martin by 6.2% during the fourth quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company's stock worth $201,000 after purchasing an additional 24 shares during the period. Pioneer Trust Bank N A OR grew its stake in Lockheed Martin by 1.3% during the fourth quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company's stock worth $945,000 after purchasing an additional 24 shares during the period. Finally, Dakota Community Bank & Trust NA grew its stake in Lockheed Martin by 3.9% during the first quarter. Dakota Community Bank & Trust NA now owns 637 shares of the aerospace company's stock worth $285,000 after purchasing an additional 24 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LMT has been the subject of several recent analyst reports. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a research note on Wednesday, April 16th. Finally, Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Stock Down 2.3%

LMT stock opened at $468.27 on Friday. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month high of $618.95. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The stock's 50 day moving average is $471.73 and its 200-day moving average is $468.91. The firm has a market capitalization of $109.72 billion, a PE 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 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. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. Sell-side analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a dividend of $3.30 per share. 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 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.

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