Lockheed Martin Co. (NYSE:LMT) Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 18.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,782 shares of the aerospace company’s stock after selling 1,797 shares during the quarter. Lyell Wealth Management LP’s holdings in Lockheed Martin were worth $3,782,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LMT. Semus Wealth Partners LLC increased its position in shares of Lockheed Martin by 19.0% in the 4th quarter. Semus Wealth Partners LLC now owns 659 shares of the aerospace company’s stock valued at $320,000 after purchasing an additional 105 shares during the last quarter. Allied Investment Advisors LLC boosted its stake in Lockheed Martin by 0.5% during the 4th quarter. Allied Investment Advisors LLC now owns 18,715 shares of the aerospace company’s stock worth $9,094,000 after purchasing an additional 89 shares during the period. Bank of Jackson Hole Trust acquired a new stake in Lockheed Martin during the 4th quarter worth $733,000. Callahan Advisors LLC lifted its stake in shares of Lockheed Martin by 46.0% in the 4th quarter. Callahan Advisors LLC now owns 4,615 shares of the aerospace company’s stock worth $2,243,000 after acquiring an additional 1,454 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Lockheed Martin by 51.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock worth $4,630,000 after acquiring an additional 3,247 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 1.2 %

NYSE:LMT opened at $428.35 on Wednesday. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The business has a 50 day moving average price of $473.65 and a two-hundred day moving average price of $531.03. The company has a market cap of $100.83 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.48.

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

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LMT shares. Morgan Stanley dropped their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, TD Cowen upped their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

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.