Yacktman Asset Management LP Decreases Position in Lockheed Martin Corporation (NYSE:LMT)

Yacktman Asset Management LP reduced its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,572 shares of the aerospace company's stock after selling 19,733 shares during the quarter. Lockheed Martin comprises 1.4% of Yacktman Asset Management LP's investment portfolio, making the stock its 28th biggest holding. Yacktman Asset Management LP owned 0.10% of Lockheed Martin worth $107,913,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LMT. GAMMA Investing LLC lifted its holdings in shares of Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after buying an additional 1,986,600 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $526,587,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $451,985,000. Capital Research Global Investors acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $229,987,000. Finally, Demars Financial Group LLC lifted its holdings in shares of Lockheed Martin by 47,002.5% in the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock valued at $210,579,000 after buying an additional 432,423 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.1%

Lockheed Martin stock traded up $0.60 during trading on Wednesday, hitting $463.61. The company's stock had a trading volume of 892,158 shares, compared to its average volume of 1,358,472. The stock has a market capitalization of $108.62 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.64 and a beta of 0.28. The stock's fifty day moving average is $470.20 and its 200 day moving average is $465.31. 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly 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. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The company had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. As a group, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.85%. Lockheed Martin's payout ratio is 57.02%.

Analyst Ratings Changes

Several equities analysts recently issued reports on LMT shares. Wells Fargo & Company reduced their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Royal Bank Of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective for the company in a report on Wednesday, April 23rd. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Jefferies Financial Group cut their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

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.