Weil Company Inc. Has $203,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Weil Company Inc. cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 14.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 448 shares of the aerospace company’s stock after selling 77 shares during the quarter. Weil Company Inc.’s holdings in Lockheed Martin were worth $203,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in Lockheed Martin during the 4th quarter worth about $26,000. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares in the last quarter. Activest Wealth Management increased its holdings in Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares in the last quarter. Milestone Investment Advisors LLC bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $33,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after buying an additional 77 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Lockheed Martin stock traded down $0.64 during trading on Friday, hitting $466.44. The stock had a trading volume of 290,638 shares, compared to its average volume of 1,081,084. The stock’s 50 day moving average is $457.24 and its two-hundred day moving average is $447.25. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The stock has a market cap of $111.92 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 4.42 and a beta of 0.46. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. During the same period in the previous year, the business posted $6.43 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, analysts predict that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s payout ratio is currently 46.10%.

Insider Activity

In other news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were 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. Over the last three months, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LMT shares. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Citigroup upped their price target on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wells Fargo & Company raised their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. UBS Group upped their target price on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $485.40.

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.