Lockheed Martin Co. (NYSE:LMT) Stock Position Lessened by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its position in Lockheed Martin Co. (NYSE:LMT) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,383 shares of the aerospace company’s stock after selling 235 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Lockheed Martin were worth $1,080,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LMT. Vontobel Holding Ltd. lifted its holdings in shares of Lockheed Martin by 60.9% in the third quarter. Vontobel Holding Ltd. now owns 3,385 shares of the aerospace company’s stock valued at $1,384,000 after buying an additional 1,281 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in shares of Lockheed Martin by 2.6% in the third quarter. Flagship Harbor Advisors LLC now owns 2,957 shares of the aerospace company’s stock valued at $1,209,000 after buying an additional 74 shares during the period. Impact Partnership Wealth LLC lifted its holdings in shares of Lockheed Martin by 1,926.8% during the third quarter. Impact Partnership Wealth LLC now owns 831 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 790 shares during the last quarter. Elevated Capital Advisors LLC lifted its holdings in shares of Lockheed Martin by 3.5% during the third quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock valued at $290,000 after purchasing an additional 24 shares during the last quarter. Finally, 1900 Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 74.3% during the third quarter. 1900 Wealth Management LLC now owns 863 shares of the aerospace company’s stock valued at $353,000 after purchasing an additional 368 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.2 %

Shares of NYSE LMT traded down $0.96 during mid-day trading on Tuesday, reaching $460.37. 1,194,821 shares of the company traded hands, compared to its average volume of 1,168,584. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The stock has a market cap of $110.71 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 4.23 and a beta of 0.48. The company’s fifty day moving average is $440.67 and its two-hundred day moving average is $443.62. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $483.53.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on LMT shares. Citigroup reduced their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. UBS Group reduced their target price 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 reduced their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada reduced their target price 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. Finally, JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the company from $475.00 to $518.00 in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $475.80.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 in the last 90 days. 0.14% of the stock is owned by company insiders.

About Lockheed Martin

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.