Pacific Wealth Strategies Group Inc. Decreases Stake in Lockheed Martin Co. (NYSE:LMT)

Pacific Wealth Strategies Group Inc. lowered its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,687 shares of the aerospace company’s stock after selling 33 shares during the period. Lockheed Martin comprises 1.2% of Pacific Wealth Strategies Group Inc.’s portfolio, making the stock its 26th largest position. Pacific Wealth Strategies Group Inc.’s holdings in Lockheed Martin were worth $1,218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Activest Wealth Management grew its stake in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 60 shares during the period. Milestone Investment Advisors LLC purchased a new position in shares of Lockheed Martin in the third quarter worth $33,000. Providence Capital Advisors LLC bought a new position in Lockheed Martin during the 3rd quarter worth about $35,000. Finally, Iron Horse Wealth Management LLC lifted its position in Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the subject of several recent research reports. UBS Group dropped their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Morgan Stanley dropped their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. The Goldman Sachs Group reduced their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, Royal Bank of Canada cut their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $475.80.

Lockheed Martin Trading Down 0.5 %

Shares of NYSE LMT traded down $2.33 during midday trading on Wednesday, reaching $457.75. 265,396 shares of the stock were exchanged, compared to its average volume of 1,165,215. The stock has a 50 day moving average price of $441.34 and a 200-day moving average price of $444.04. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $480.92. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $110.08 billion, a P/E ratio of 16.68, a P/E/G ratio of 4.21 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.43 EPS. Equities research analysts expect that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,874 shares of company stock worth $7,249,946. 0.14% of the stock is currently owned by insiders.

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.