WealthShield Partners LLC Has $3.02 Million Stake in Lockheed Martin Co. (NYSE:LMT)

WealthShield Partners LLC decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,222 shares of the aerospace company’s stock after selling 206 shares during the quarter. WealthShield Partners LLC’s holdings in Lockheed Martin were worth $3,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Waverton Investment Management Ltd increased its holdings in shares of Lockheed Martin by 18.9% in the fourth quarter. Waverton Investment Management Ltd now owns 2,300 shares of the aerospace company’s stock worth $1,118,000 after acquiring an additional 365 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in Lockheed Martin by 3.3% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,101 shares of the aerospace company’s stock valued at $535,000 after purchasing an additional 35 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in Lockheed Martin by 2,668.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 22,891 shares of the aerospace company’s stock valued at $11,124,000 after purchasing an additional 22,064 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Lockheed Martin in the fourth quarter valued at approximately $92,000. Finally, World Equity Group Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $283,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and cut their price objective for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Susquehanna dropped their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Truist Financial began coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Citigroup decreased their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Trading Up 1.1 %

Shares of LMT stock opened at $441.20 on Monday. The firm has a market capitalization of $103.85 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock’s fifty day simple moving average is $469.94 and its 200 day simple moving average is $528.75.

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

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.99%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is presently 59.30%.

Lockheed Martin 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.