Lockheed Martin Co. (NYSE:LMT) Shares Sold by Occidental Asset Management LLC

Occidental Asset Management LLC cut its stake in Lockheed Martin Co. (NYSE:LMT) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750 shares of the aerospace company’s stock after selling 54 shares during the period. Occidental Asset Management LLC’s holdings in Lockheed Martin were worth $341,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Warther Private Wealth LLC increased its position in Lockheed Martin by 86.1% in the fourth quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after buying an additional 7,575 shares during the period. Alethea Capital Management LLC acquired a new position in shares of Lockheed Martin during the third quarter valued at $415,000. Morningstar Investment Services LLC increased its holdings in shares of Lockheed Martin by 99.6% during the fourth quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock valued at $66,697,000 after purchasing an additional 73,774 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of Lockheed Martin by 0.4% during the fourth quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock valued at $3,509,000 after purchasing an additional 29 shares during the period. Finally, Cercano Management LLC acquired a new position in shares of Lockheed Martin during the fourth quarter valued at $29,454,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup raised their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price target for the company from $475.00 to $518.00 in a report on Monday, April 15th. UBS Group raised their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Finally, Wells Fargo & Company raised their price target on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and an average price target of $485.40.

Lockheed Martin Trading Down 0.0 %

NYSE:LMT opened at $467.10 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The firm has a market capitalization of $112.08 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 4.40 and a beta of 0.47. The stock has a fifty day simple moving average of $464.84 and a 200 day simple moving average of $450.34.

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

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be paid a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

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.