Leo Wealth LLC Decreases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Leo Wealth LLC lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,173 shares of the aerospace company’s stock after selling 38 shares during the period. Leo Wealth LLC’s holdings in Lockheed Martin were worth $532,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LMT. Hudock Inc. boosted its position in shares of Lockheed Martin by 1.3% during the 1st quarter. Hudock Inc. now owns 1,760 shares of the aerospace company’s stock worth $801,000 after acquiring an additional 22 shares in the last quarter. Norris Perne & French LLP MI lifted its stake in Lockheed Martin by 2.8% during the fourth quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock worth $410,000 after purchasing an additional 25 shares during the last quarter. Genesee Capital Advisors LLC boosted its holdings in Lockheed Martin by 2.8% in the fourth quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock valued at $419,000 after purchasing an additional 25 shares in the last quarter. Hunter Associates Investment Management LLC boosted its holdings in Lockheed Martin by 1.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock valued at $912,000 after purchasing an additional 25 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its stake in 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 purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $475.00 to $518.00 in a research report on Monday, April 15th. The Goldman Sachs Group decreased their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. Wells Fargo & Company lifted their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Finally, UBS Group upped their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned 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, Lockheed Martin currently has an average rating of “Hold” and an average price target of $485.40.

Lockheed Martin Stock Performance

LMT stock traded down $0.98 during trading on Friday, hitting $475.02. The company had a trading volume of 888,851 shares, compared to its average volume of 1,058,973. The firm has a 50-day moving average price of $465.38 and a 200-day moving average price of $452.03. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The firm has a market cap of $113.98 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 4.48 and a beta of 0.46. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $480.86.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same period last year, the business posted $6.43 EPS. The company’s revenue was up 13.7% on a year-over-year basis. On average, analysts expect that Lockheed Martin Co. will post 26.18 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.65%. Lockheed Martin’s payout ratio is currently 46.10%.

Lockheed Martin Company 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.