Park Place Capital Corp Has $821,000 Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Park Place Capital Corp trimmed its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,804 shares of the aerospace company’s stock after selling 88 shares during the quarter. Park Place Capital Corp’s holdings in Lockheed Martin were worth $821,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norris Perne & French LLP MI increased its position in Lockheed Martin by 2.8% in the 4th 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 during the period. Genesee Capital Advisors LLC increased its position in Lockheed Martin by 2.8% in the 4th quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock valued at $419,000 after acquiring an additional 25 shares during the period. Hunter Associates Investment Management LLC increased its position in Lockheed Martin by 1.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock valued at $912,000 after acquiring an additional 25 shares during the period. Missouri Trust & Investment Co increased its position in Lockheed Martin by 19.8% in the 4th quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock valued at $68,000 after acquiring an additional 25 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV increased its position in Lockheed Martin by 7.1% in the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 377 shares of the aerospace company’s stock valued at $171,000 after acquiring an additional 25 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LMT has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Wells Fargo & Company upped their price objective 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. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft upped their price objective 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. Finally, The Goldman Sachs Group reduced their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average target price of $485.40.

Lockheed Martin Stock Down 0.1 %

NYSE LMT traded down $0.66 on Monday, hitting $466.44. 562,385 shares of the company were exchanged, compared to its average volume of 1,094,605. The company has a market cap of $111.92 billion, a PE ratio of 17.07, a PEG ratio of 4.40 and a beta of 0.46. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50. The stock has a fifty day moving average of $464.84 and a 200-day moving average of $450.33. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating 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 analyst estimates of $16.04 billion. During the same period last year, the firm earned $6.43 earnings per share. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. 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 dividend payout ratio (DPR) is 46.10%.

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.