Wade Financial Advisory Inc Has $725,000 Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Wade Financial Advisory Inc reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,491 shares of the aerospace company’s stock after selling 80 shares during the period. Wade Financial Advisory Inc’s holdings in Lockheed Martin were worth $725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LMT. Algert Global LLC bought a new stake in Lockheed Martin in the 2nd quarter worth about $277,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Lockheed Martin by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 49,353 shares of the aerospace company’s stock valued at $23,063,000 after acquiring an additional 338 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in Lockheed Martin by 103.9% during the second quarter. Regal Investment Advisors LLC now owns 2,235 shares of the aerospace company’s stock worth $1,044,000 after acquiring an additional 1,139 shares during the period. Gateway Wealth Partners LLC boosted its position in Lockheed Martin by 161.9% in the second quarter. Gateway Wealth Partners LLC now owns 1,215 shares of the aerospace company’s stock worth $567,000 after purchasing an additional 751 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in Lockheed Martin by 10.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 12,886 shares of the aerospace company’s stock valued at $6,019,000 after purchasing an additional 1,191 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of LMT stock opened at $457.89 on Wednesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The company’s 50-day simple moving average is $497.18 and its two-hundred day simple moving average is $537.55. The company has a market capitalization of $108.54 billion, a P/E ratio of 16.58, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. Lockheed Martin’s dividend payout ratio is presently 47.79%.

Analyst Ratings Changes

A number of research firms recently issued reports on LMT. Robert W. Baird raised their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Wells Fargo & Company lowered their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Susquehanna cut their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, UBS Group lifted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $577.73.

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.