Lockheed Martin Co. (NYSE:LMT) Shares Sold by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,724 shares of the aerospace company’s stock after selling 408 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in Lockheed Martin were worth $1,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jmac Enterprises LLC increased its position in Lockheed Martin by 1.5% during the fourth quarter. Jmac Enterprises LLC now owns 6,385 shares of the aerospace company’s stock worth $3,103,000 after purchasing an additional 97 shares during the last quarter. Avidian Wealth Enterprises LLC increased its holdings in shares of Lockheed Martin by 1.9% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,192 shares of the aerospace company’s stock worth $1,065,000 after buying an additional 41 shares during the last quarter. Great Lakes Retirement Inc. raised its position in shares of Lockheed Martin by 1.0% during the 4th quarter. Great Lakes Retirement Inc. now owns 5,506 shares of the aerospace company’s stock valued at $2,676,000 after buying an additional 52 shares during the period. Kentucky Trust Co acquired a new position in Lockheed Martin in the fourth quarter valued at approximately $146,000. Finally, Gladstone Institutional Advisory LLC grew its position in Lockheed Martin by 10.7% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 5,769 shares of the aerospace company’s stock worth $2,804,000 after acquiring an additional 558 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on LMT shares. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Morgan Stanley reduced their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. UBS Group decreased their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Barclays decreased their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Finally, Citigroup dropped their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Price Performance

LMT stock opened at $449.69 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $105.85 billion, a P/E ratio of 20.20, a PEG ratio of 2.12 and a beta of 0.48. The business has a 50 day simple moving average of $483.39 and a 200-day simple moving average of $535.46. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, equities analysts anticipate that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.94%. The ex-dividend date is Monday, March 3rd. 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.