Lockheed Martin Co. (NYSE:LMT) Shares Sold by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 14.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,421 shares of the aerospace company’s stock after selling 239 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Lockheed Martin were worth $635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock valued at $889,593,000 after acquiring an additional 1,986,600 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company’s stock valued at $600,412,000 after purchasing an additional 1,233,275 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Lockheed Martin by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company’s stock valued at $3,630,492,000 after purchasing an additional 1,132,461 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $526,587,000. Finally, Leigh Baldwin & CO. LLC acquired a new stake in Lockheed Martin during the fourth quarter valued at $451,985,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group upped 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. Wells Fargo & Company reduced their price target on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Melius Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Royal Bank of Canada cut Lockheed Martin from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Finally, Bank of America lowered Lockheed Martin from a “buy” rating to a “neutral” rating and decreased their target price for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $541.80.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $480.29 on Wednesday. The company has a fifty day simple moving average of $465.46 and a 200-day simple moving average of $473.11. 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 firm has a market capitalization of $112.53 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The company had revenue of $17.96 billion during the quarter, compared to analysts’ expectations of $17.83 billion. On average, equities analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.75%. Lockheed Martin’s dividend payout ratio is presently 57.02%.

Lockheed Martin 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.