Antonetti Capital Management LLC Sells 30 Shares of Lockheed Martin Co. (NYSE:LMT)

Antonetti Capital Management LLC reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 9.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 278 shares of the aerospace company’s stock after selling 30 shares during the period. Antonetti Capital Management LLC’s holdings in Lockheed Martin were worth $114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LMT. Comerica Bank bought a new position in shares of Lockheed Martin in the second quarter worth approximately $280,000. Coppell Advisory Solutions Corp. bought a new position in shares of Lockheed Martin during the fourth quarter worth $31,000. CGC Financial Services LLC bought a new position in shares of Lockheed Martin during the second quarter worth $31,000. KB Financial Partners LLC bought a new position in shares of Lockheed Martin during the first quarter worth $35,000. Finally, Alaska Permanent Fund Corp purchased a new stake in Lockheed Martin during the second quarter valued at $35,000. 74.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LMT shares. UBS Group decreased their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $495.00 to $481.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 18th. Morgan Stanley reduced their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Citigroup reduced their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus target price of $491.92.

Check Out Our Latest Stock Report on Lockheed Martin

Lockheed Martin Stock Performance

LMT traded up $2.43 during trading on Monday, reaching $428.93. 174,903 shares of the company’s stock were exchanged, compared to its average volume of 1,132,454. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The stock has a market capitalization of $103.65 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 3.89 and a beta of 0.49. The company’s fifty day simple moving average is $446.01 and its 200-day simple moving average is $441.71. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $508.10.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.64. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $7.79 EPS. As a group, research analysts predict that Lockheed Martin Co. will post 26.24 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a $3.15 dividend. The ex-dividend date is Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a yield of 2.94%. Lockheed Martin’s dividend payout ratio is currently 45.74%.

Lockheed Martin 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.

See Also

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMTFree Report).

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

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.