Lockheed Martin Co. (NYSE:LMT) Shares Sold by Advisors Preferred LLC

Advisors Preferred LLC lessened its position in Lockheed Martin Co. (NYSE:LMT) by 6.5% during the fourth quarter, Holdings Channel reports. The fund owned 887 shares of the aerospace company’s stock after selling 62 shares during the quarter. Advisors Preferred LLC’s holdings in Lockheed Martin were worth $428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the 3rd quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $40,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the 4th quarter valued at about $35,000. Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $42,000. Finally, Vestor Capital LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $444.05 on Friday. The firm has a market cap of $104.52 billion, a PE ratio of 19.95, a PEG ratio of 2.12 and a beta of 0.48. The firm’s 50 day moving average price is $484.84 and its 200 day moving average price is $535.60. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

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, 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, research analysts expect that Lockheed Martin Co. will post 27.14 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.97%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. UBS Group reduced their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

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.