Lockheed Martin Co. (NYSE:LMT) Stock Holdings Lowered by Abacus Wealth Partners LLC

Abacus Wealth Partners LLC lowered its position in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 9.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 525 shares of the aerospace company’s stock after selling 55 shares during the period. Abacus Wealth Partners LLC’s holdings in Lockheed Martin were worth $239,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd bought a new position in Lockheed Martin in the 4th quarter valued at about $26,000. Bank Julius Baer & Co. Ltd Zurich grew its position in 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 buying an additional 27 shares in the last quarter. Activest Wealth Management grew its position in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after buying an additional 60 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in Lockheed Martin by 1,925.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after buying an additional 77 shares in the last quarter. Finally, Providence Capital Advisors LLC bought a new position in Lockheed Martin in the 3rd quarter valued at about $35,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.4 %

LMT stock traded up $6.38 during mid-day trading on Thursday, reaching $466.38. 1,041,391 shares of the stock traded hands, compared to its average volume of 1,066,735. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The company has a market cap of $111.90 billion, a P/E ratio of 17.06, a P/E/G ratio of 4.33 and a beta of 0.47. The stock’s fifty day moving average is $463.37 and its 200-day moving average is $449.54.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $6.43 earnings per share. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Analyst Ratings Changes

A number of brokerages have weighed in on LMT. Wells Fargo & Company upped their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. UBS Group upped their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. The Goldman Sachs Group cut their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the company from $475.00 to $518.00 in a report on Monday, April 15th. Finally, StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $485.40.

Read Our Latest Stock Analysis on Lockheed Martin

Lockheed Martin Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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