Lockheed Martin Co. (NYSE:LMT) Stock Holdings Lessened by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,117 shares of the aerospace company's stock after selling 1,551 shares during the period. Oppenheimer & Co. Inc.'s holdings in Lockheed Martin were worth $21,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin during the third quarter valued at approximately $32,000. Mattson Financial Services LLC bought a new stake in Lockheed Martin during the 2nd quarter valued at $27,000. Sachetta LLC raised its holdings in Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Wiser Advisor Group LLC lifted its position in Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 25 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Lockheed Martin during the 1st quarter worth $30,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LMT. JPMorgan Chase & Co. upped their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Royal Bank of Canada dropped their price target on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Citigroup raised their price objective on Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Melius Research upgraded Lockheed Martin to a "strong-buy" rating in a research report on Tuesday, September 3rd. Finally, Melius raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 price target for the company in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $611.00.

Lockheed Martin Trading Down 1.5 %

Shares of NYSE LMT traded down $8.23 on Wednesday, reaching $557.73. 1,110,609 shares of the company traded hands, compared to its average volume of 1,056,128. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $132.20 billion, a PE ratio of 20.19, a P/E/G ratio of 4.63 and a beta of 0.49. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company has a 50 day moving average of $578.09 and a 200 day moving average of $523.56.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same period in the prior year, the firm earned $6.77 EPS. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm 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. This is a positive change 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 2.37%. Lockheed Martin's dividend payout ratio is 47.79%.

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.