Park Place Capital Corp Has $226,000 Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Park Place Capital Corp cut its holdings in Lockheed Martin Corporation (NYSE:LMT) by 64.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 507 shares of the aerospace company’s stock after selling 903 shares during the quarter. Park Place Capital Corp’s holdings in Lockheed Martin were worth $226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First American Bank grew its position in shares of Lockheed Martin by 18.8% in the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock valued at $3,749,000 after purchasing an additional 1,327 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at approximately $33,294,000. State of Wyoming grew its position in shares of Lockheed Martin by 93.9% in the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company’s stock valued at $541,000 after purchasing an additional 539 shares during the period. Cantor Fitzgerald Investment Advisors L.P. grew its position in shares of Lockheed Martin by 18.6% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock valued at $7,652,000 after purchasing an additional 2,686 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in Lockheed Martin by 3.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company’s stock worth $49,893,000 after acquiring an additional 3,809 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.2%

Shares of NYSE:LMT opened at $458.59 on Friday. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The company has a market capitalization of $107.45 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.60 and a beta of 0.29. The company has a 50-day simple moving average of $470.80 and a 200 day simple moving average of $466.78.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. Lockheed Martin’s dividend payout ratio (DPR) is 57.02%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent research reports. Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. Melius Research lowered shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Jefferies Financial Group decreased their price objective on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating for the company in a report on Monday, April 28th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $541.80.

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.