Lake Street Advisors Group LLC Sells 3,088 Shares of Lockheed Martin Co. (NYSE:LMT)

Lake Street Advisors Group LLC decreased its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 45.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,666 shares of the aerospace company's stock after selling 3,088 shares during the period. Lake Street Advisors Group LLC's holdings in Lockheed Martin were worth $2,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. Ameriprise Financial Inc. lifted its position in Lockheed Martin by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock valued at $902,714,000 after acquiring an additional 31,545 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Lockheed Martin by 60,592.0% during the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after purchasing an additional 1,556,609 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Lockheed Martin by 14.9% in the 2nd quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company's stock worth $646,828,000 after purchasing an additional 180,074 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Lockheed Martin by 11.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,169,223 shares of the aerospace company's stock worth $546,144,000 after buying an additional 119,052 shares during the last quarter. Finally, Wulff Hansen & CO. increased its position in Lockheed Martin by 56,626.7% during the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock valued at $476,947,000 after buying an additional 1,019,281 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

LMT stock traded down $1.92 during midday trading on Friday, reaching $562.29. 1,073,909 shares of the company's stock traded hands, compared to its average volume of 1,054,995. The company has a current ratio of 1.30, a quick ratio of 1.07 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The stock has a market cap of $134.03 billion, a P/E ratio of 20.43, a PEG ratio of 4.62 and a beta of 0.47. The stock's 50-day moving average is $580.03 and its 200 day moving average is $513.85.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.77 EPS. As a group, analysts anticipate that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, December 2nd. This is an increase from Lockheed Martin's previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.35%. Lockheed Martin's payout ratio is 45.62%.

Analyst Ratings Changes

LMT has been the topic of a number of recent research reports. Robert W. Baird increased their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday. StockNews.com cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Wednesday. Bank of America reiterated a "buy" rating and set a $635.00 price target on shares of Lockheed Martin in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $600.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, Melius Research raised Lockheed Martin to a "strong-buy" rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $606.71.

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.