Wealth Enhancement Advisory Services LLC Has $94.80 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 17.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,177 shares of the aerospace company's stock after purchasing an additional 23,522 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.07% of Lockheed Martin worth $94,802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. Ameriprise Financial Inc. boosted its stake 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 purchasing an additional 31,545 shares during the period. International Assets Investment Management LLC boosted its position in shares of Lockheed Martin by 60,592.0% in 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 acquiring an additional 1,556,609 shares during the period. Legal & General Group Plc boosted its position in shares of Lockheed Martin by 14.9% in the second quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company's stock valued at $646,828,000 after acquiring an additional 180,074 shares during the period. Dimensional Fund Advisors LP raised its stake in Lockheed Martin by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,169,223 shares of the aerospace company's stock valued at $546,144,000 after purchasing an additional 119,052 shares during the last quarter. Finally, Wulff Hansen & CO. lifted its stake in shares of Lockheed Martin by 56,626.7% in the second 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 during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of NYSE LMT traded down $1.92 during mid-day trading on Friday, hitting $562.29. 1,077,563 shares of the stock were exchanged, compared to its average volume of 1,054,995. The company has a market cap of $134.03 billion, a P/E ratio of 20.36, a PEG ratio of 4.62 and a beta of 0.47. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.07 and a current ratio of 1.30. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock's fifty day simple moving average is $580.07 and its two-hundred day simple moving average is $514.62.

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

Lockheed Martin Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on LMT shares. Susquehanna cut their price target on Lockheed Martin from $705.00 to $695.00 and set a "positive" rating for the company in a report on Wednesday. Bank of America reaffirmed a "buy" rating and issued a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. Royal Bank of Canada lowered their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a report on Wednesday. Morgan Stanley increased their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an "equal weight" rating in a research note on Friday, August 9th. Finally, Melius upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 target price on the stock in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.