Global Retirement Partners LLC Sells 976 Shares of Lockheed Martin Co. (NYSE:LMT)

Global Retirement Partners LLC lessened its position in Lockheed Martin Co. (NYSE:LMT) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,237 shares of the aerospace company’s stock after selling 976 shares during the period. Global Retirement Partners LLC’s holdings in Lockheed Martin were worth $4,489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its stake in shares of Lockheed Martin by 17.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,288 shares of the aerospace company’s stock worth $7,183,000 after buying an additional 1,814 shares during the last quarter. Eastern Bank acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth about $773,000. Waldron Private Wealth LLC lifted its stake in shares of Lockheed Martin by 17.8% during the 3rd quarter. Waldron Private Wealth LLC now owns 1,665 shares of the aerospace company’s stock worth $973,000 after buying an additional 252 shares during the last quarter. ODonnell Financial Services LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth about $205,000. Finally, Tempus Wealth Planning LLC lifted its stake in shares of Lockheed Martin by 22.1% during the 3rd quarter. Tempus Wealth Planning LLC now owns 952 shares of the aerospace company’s stock worth $557,000 after buying an additional 172 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays dropped their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Susquehanna dropped their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, UBS Group dropped their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Trading Up 1.0 %

Shares of Lockheed Martin stock opened at $432.68 on Thursday. The firm has a market capitalization of $101.85 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 2.00 and a beta of 0.48. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm’s 50 day moving average is $472.21 and its 200 day moving average is $530.35. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95.

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

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

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.