Claro Advisors LLC Sells 363 Shares of Lockheed Martin Co. (NYSE:LMT)

Claro Advisors LLC lowered its holdings in Lockheed Martin Co. (NYSE:LMT) by 8.5% in the fourth quarter, Holdings Channel reports. The firm owned 3,924 shares of the aerospace company’s stock after selling 363 shares during the quarter. Claro Advisors LLC’s holdings in Lockheed Martin were worth $1,907,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. Geode Capital Management LLC increased its holdings in Lockheed Martin by 1.8% during the third quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company’s stock worth $2,816,898,000 after buying an additional 83,997 shares during the last quarter. FMR LLC grew its position in shares of Lockheed Martin by 6.6% in the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock valued at $1,981,088,000 after acquiring an additional 209,591 shares during the period. Wellington Management Group LLP increased its stake in shares of Lockheed Martin by 8.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock worth $1,797,437,000 after purchasing an additional 240,306 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Lockheed Martin by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company’s stock valued at $902,714,000 after purchasing an additional 31,545 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock valued at $911,433,000 after purchasing an additional 1,556,609 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

NYSE:LMT traded up $15.83 on Monday, hitting $483.88. The company had a trading volume of 895,339 shares, compared to its average volume of 1,101,867. The firm has a 50 day moving average of $511.39 and a two-hundred day moving average of $535.35. The stock has a market capitalization of $114.70 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.77 EPS. On average, research analysts anticipate that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank of Canada lowered their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. UBS Group raised their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company dropped their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $591.21.

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.