Obermeyer Wealth Partners Decreases Stake in Lockheed Martin Co. (NYSE:LMT)

Obermeyer Wealth Partners cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,735 shares of the aerospace company’s stock after selling 368 shares during the quarter. Obermeyer Wealth Partners’ holdings in Lockheed Martin were worth $19,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Czech National Bank lifted its position in Lockheed Martin by 5.8% during the 4th quarter. Czech National Bank now owns 45,741 shares of the aerospace company’s stock valued at $22,227,000 after acquiring an additional 2,527 shares during the period. Aprio Wealth Management LLC raised its holdings in Lockheed Martin by 25.5% during the 4th quarter. Aprio Wealth Management LLC now owns 527 shares of the aerospace company’s stock valued at $256,000 after buying an additional 107 shares during the period. Crescent Sterling Ltd. lifted its position in shares of Lockheed Martin by 4.0% during the fourth quarter. Crescent Sterling Ltd. now owns 1,295 shares of the aerospace company’s stock worth $629,000 after purchasing an additional 50 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in Lockheed Martin by 6.2% during the 4th quarter. Fiduciary Alliance LLC now owns 17,196 shares of the aerospace company’s stock worth $8,356,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Trust Co. of Toledo NA OH lifted its position in shares of Lockheed Martin by 10.2% during the fourth quarter. Trust Co. of Toledo NA OH now owns 11,003 shares of the aerospace company’s stock valued at $5,347,000 after buying an additional 1,015 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Insiders Place Their Bets

In other news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 in the last quarter. Insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Down 0.1%

LMT opened at $473.12 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The company has a fifty day moving average of $462.09 and a 200-day moving average of $481.59. The stock has a market cap of $110.85 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.79%. Lockheed Martin’s payout ratio is currently 57.02%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LMT shares. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Robert W. Baird upgraded shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price for the company in a report on Wednesday, April 23rd. Melius Research cut shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. UBS Group boosted their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 23rd. Finally, Truist Financial began coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $541.80.

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.