BOK Financial Private Wealth Inc. Has $41,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

BOK Financial Private Wealth Inc. lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 56.5% during the first quarter, Holdings Channel reports. The fund owned 91 shares of the aerospace company’s stock after selling 118 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Lockheed Martin were worth $41,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Lockheed Martin by 10,526.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after buying an additional 1,349,409 shares during the period. Van ECK Associates Corp raised its holdings in Lockheed Martin by 1,075.2% during the 1st quarter. Van ECK Associates Corp now owns 481,106 shares of the aerospace company’s stock worth $218,841,000 after buying an additional 440,169 shares during the period. Franklin Resources Inc. raised its holdings in Lockheed Martin by 14.9% during the 4th quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock worth $1,173,641,000 after buying an additional 336,588 shares during the period. Confluence Investment Management LLC acquired a new stake in Lockheed Martin during the 1st quarter worth approximately $151,402,000. Finally, Vanguard Group Inc. raised its holdings in Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after buying an additional 279,162 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $475.00 to $518.00 in a report on Monday, April 15th. Wells Fargo & Company raised their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Finally, Citigroup raised their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Price Performance

NYSE LMT traded down $3.87 during trading on Friday, hitting $462.16. 631,595 shares of the company’s stock were exchanged, compared to its average volume of 972,964. The company has a market cap of $110.89 billion, a PE ratio of 16.91, a P/E/G ratio of 4.39 and a beta of 0.46. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The stock’s 50 day moving average price is $465.22 and its two-hundred day moving average price is $450.97. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. During the same period in the previous year, the business posted $6.43 earnings per share. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. Research analysts expect that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.73%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio is presently 46.10%.

Lockheed Martin 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.