Lockheed Martin Co. (NYSE:LMT) Stock Position Lowered by Aviso Wealth Management

Aviso Wealth Management cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,453 shares of the aerospace company’s stock after selling 89 shares during the quarter. Aviso Wealth Management’s holdings in Lockheed Martin were worth $706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mendel Money Management lifted its holdings in shares of Lockheed Martin by 0.6% during the fourth quarter. Mendel Money Management now owns 7,893 shares of the aerospace company’s stock valued at $3,836,000 after purchasing an additional 44 shares during the last quarter. Parametrica Management Ltd acquired a new stake in Lockheed Martin during the 4th quarter worth about $1,659,000. Ausdal Financial Partners Inc. lifted its stake in Lockheed Martin by 35.1% during the fourth quarter. Ausdal Financial Partners Inc. now owns 1,983 shares of the aerospace company’s stock valued at $964,000 after buying an additional 515 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $34,000. Finally, Ipsen Advisor Group LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth approximately $464,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on LMT. Morgan Stanley decreased their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company reiterated an “equal weight” rating on shares of Lockheed Martin in a research report on Monday, March 10th. StockNews.com raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group reduced their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, Truist Financial began coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $544.20.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $442.63 on Wednesday. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a fifty day moving average price of $459.13 and a two-hundred day moving average price of $512.63. The firm has a market capitalization of $104.19 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.98%. Lockheed Martin’s payout ratio is 59.30%.

Insider Activity at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 over the last ninety days. 0.17% of the stock is owned by 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.