Stratos Wealth Advisors LLC Trims Position in Lockheed Martin Co. (NYSE:LMT)

Stratos Wealth Advisors LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 9.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,045 shares of the aerospace company’s stock after selling 103 shares during the period. Stratos Wealth Advisors LLC’s holdings in Lockheed Martin were worth $508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin during the third quarter worth approximately $26,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin during the third quarter worth approximately $40,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter worth approximately $35,000. Legacy Investment Solutions LLC purchased a new position in Lockheed Martin during the third quarter worth approximately $42,000. Finally, Vestor Capital LLC purchased a new position in Lockheed Martin during the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LMT. Barclays cut their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Royal Bank of Canada lowered their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Morgan Stanley lowered their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Finally, TD Cowen raised their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Trading Down 1.0 %

Lockheed Martin stock opened at $444.05 on Friday. The firm’s 50-day moving average is $486.55 and its 200-day moving average is $535.81. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a market cap of $104.52 billion, a P/E ratio of 19.95, a PEG ratio of 2.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts expect that Lockheed Martin Co. will post 27.29 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.97%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

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.