Lockheed Martin Co. (NYSE:LMT) Shares Sold by MBL Wealth LLC

MBL Wealth LLC lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 53.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 526 shares of the aerospace company’s stock after selling 598 shares during the quarter. MBL Wealth LLC’s holdings in Lockheed Martin were worth $238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Comerica Bank acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $280,000. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Lockheed Martin by 73.0% during the 3rd 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 during the period. Coppell Advisory Solutions Corp. acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $31,000. CGC Financial Services LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $31,000. Finally, KB Financial Partners LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LMT. Royal Bank of Canada decreased their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. UBS Group decreased their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Susquehanna decreased their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, Morgan Stanley decreased their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average price target of $491.92.

Lockheed Martin Price Performance

NYSE LMT traded down $1.91 on Friday, reaching $454.87. 1,119,541 shares of the stock traded hands, compared to its average volume of 1,200,722. The firm’s fifty day simple moving average is $433.47 and its 200 day simple moving average is $438.48. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The company has a market cap of $109.39 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 4.17 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $508.10.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company had revenue of $18.87 billion during the quarter, compared to analyst estimates of $17.96 billion. During the same quarter in the prior year, the company earned $7.79 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, February 29th. Lockheed Martin’s dividend payout ratio is 45.74%.

Insider Activity

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO John Frank A. St sold 6,648 shares of the company’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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 90 days, insiders sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.17% of the company’s stock.

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.