Lockheed Martin Co. (NYSE:LMT) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,468 shares of the aerospace company’s stock after selling 425 shares during the period. Western Wealth Management LLC’s holdings in Lockheed Martin were worth $2,025,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LMT. Moneta Group Investment Advisors LLC boosted its holdings in shares of Lockheed Martin by 81,305.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock valued at $927,896,000 after buying an additional 1,904,985 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Lockheed Martin by 10,526.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after purchasing an additional 1,349,409 shares during the period. Renaissance Technologies LLC boosted its stake in Lockheed Martin by 586.8% during the 1st quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock worth $163,097,000 after purchasing an additional 315,700 shares during the period. Vanguard Group Inc. boosted its stake in Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after purchasing an additional 279,162 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Lockheed Martin by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock worth $2,320,030,000 after purchasing an additional 264,665 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.3 %

Shares of LMT traded up $5.73 during mid-day trading on Friday, reaching $461.82. 306,679 shares of the stock traded hands, compared to its average volume of 1,144,458. The firm has a market cap of $111.06 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 4.16 and a beta of 0.48. The stock has a fifty day simple moving average of $439.25 and a 200 day simple moving average of $442.21. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $495.83. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $7.79 earnings per share. Sell-side analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a dividend of $3.15 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.73%. Lockheed Martin’s dividend payout ratio is currently 45.74%.

Analysts Set New Price Targets

LMT has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $475.00 to $518.00 in a research note on Monday. Morgan Stanley cut their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. UBS Group cut their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average target price of $493.36.

Insider Activity

In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 over the last 90 days. Company insiders own 0.17% of the company’s stock.

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.