Cohen Investment Advisors LLC Has $607,000 Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Cohen Investment Advisors LLC lowered its stake in Lockheed Martin Co. (NYSE:LMT) by 2.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,335 shares of the aerospace company’s stock after selling 39 shares during the period. Cohen Investment Advisors LLC’s holdings in Lockheed Martin were worth $607,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LMT. Norris Perne & French LLP MI grew its stake in shares of Lockheed Martin by 2.8% in the fourth quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock valued at $410,000 after acquiring an additional 25 shares in the last quarter. Genesee Capital Advisors LLC increased its holdings in shares of Lockheed Martin by 2.8% during the fourth quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock worth $419,000 after purchasing an additional 25 shares during the period. Hunter Associates Investment Management LLC increased its holdings in shares of Lockheed Martin by 1.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock worth $912,000 after purchasing an additional 25 shares during the period. Missouri Trust & Investment Co boosted its stake in shares of Lockheed Martin by 19.8% in the fourth quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock valued at $68,000 after buying an additional 25 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV grew its position in Lockheed Martin by 7.1% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 377 shares of the aerospace company’s stock worth $171,000 after buying an additional 25 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded up $0.33 during midday trading on Thursday, hitting $466.03. 313,283 shares of the company traded hands, compared to its average volume of 1,041,486. The stock has a market cap of $111.82 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 4.38 and a beta of 0.46. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The firm’s fifty day moving average price is $465.19 and its 200-day moving average price is $450.76. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter in the previous year, the firm posted $6.43 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio is 46.10%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LMT. Wells Fargo & Company lifted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group cut their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Finally, UBS Group increased their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average price target of $485.40.

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.