Leo Wealth LLC Sells 391 Shares of Lockheed Martin Corporation (NYSE:LMT)

Leo Wealth LLC lessened its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 17.1% in the first quarter, HoldingsChannel.com reports. The fund owned 1,894 shares of the aerospace company’s stock after selling 391 shares during the period. Leo Wealth LLC’s holdings in Lockheed Martin were worth $846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $32,000. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $31,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. Finally, Redwood Park Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $40,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.7%

LMT opened at $467.48 on Monday. Lockheed Martin Corporation has a twelve month low of $418.88 and a twelve month high of $618.95. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The company has a fifty day moving average of $469.54 and a 200-day moving average of $464.67. The stock has a market cap of $109.53 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.63 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The company had revenue of $17.96 billion during the quarter, compared to analysts’ expectations of $17.83 billion. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 57.02%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LMT shares. Royal Bank Of Canada downgraded shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. UBS Group upped their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 23rd. Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Morgan Stanley upgraded shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Finally, Cowen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday. Eleven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $531.47.

Lockheed Martin Company Profile

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.