J.W. Cole Advisors Inc. Buys 1,401 Shares of Lockheed Martin Co. (NYSE:LMT)

J.W. Cole Advisors Inc. grew its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 10.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,246 shares of the aerospace company's stock after buying an additional 1,401 shares during the period. J.W. Cole Advisors Inc.'s holdings in Lockheed Martin were worth $8,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in shares of 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 grew its stake in 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 worth $911,433,000 after buying an additional 1,556,609 shares in the last quarter. Legal & General Group Plc increased its holdings in 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 valued at $646,828,000 after buying an additional 180,074 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 valued at $546,144,000 after buying an additional 119,052 shares during the period. Finally, Wulff Hansen & CO. raised its position in shares of Lockheed Martin by 56,626.7% in 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. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LMT shares. Robert W. Baird upped their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Bank of America reiterated a "buy" rating and issued a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Lockheed Martin from $600.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Citigroup upped their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $606.71.

Lockheed Martin Trading Down 0.3 %

Shares of LMT traded down $1.92 during mid-day trading on Friday, reaching $562.29. 1,077,563 shares of the company were exchanged, compared to its average volume of 1,054,995. The business has a 50 day simple moving average of $580.07 and a two-hundred day simple moving average of $515.08. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.07 and a current ratio of 1.30. The stock has a market capitalization of $134.03 billion, a PE ratio of 20.36, a PEG ratio of 4.62 and a beta of 0.47. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

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 (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter last year, the business earned $6.77 EPS. The company's revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

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

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.