WESPAC Advisors SoCal LLC Reduces Holdings in Lockheed Martin Co. (NYSE:LMT)

WESPAC Advisors SoCal LLC trimmed its stake in Lockheed Martin Co. (NYSE:LMT) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,707 shares of the aerospace company’s stock after selling 49 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Lockheed Martin were worth $1,801,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LMT. Algert Global LLC purchased a new position in Lockheed Martin during the 2nd quarter worth $277,000. Czech National Bank boosted its holdings in shares of Lockheed Martin by 6.2% in the third quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock valued at $25,261,000 after acquiring an additional 2,520 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Lockheed Martin by 26.1% in the third quarter. GAMMA Investing LLC now owns 4,504 shares of the aerospace company’s stock valued at $2,633,000 after acquiring an additional 932 shares in the last quarter. WealthBridge Capital Management LLC purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $258,000. Finally, IAM Advisory LLC boosted its holdings in shares of Lockheed Martin by 1.3% in the third quarter. IAM Advisory LLC now owns 4,081 shares of the aerospace company’s stock valued at $2,386,000 after acquiring an additional 54 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley lowered their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird raised their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Citigroup reduced their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Stock Performance

NYSE:LMT opened at $455.85 on Tuesday. The firm has a 50 day simple moving average of $492.29 and a 200-day simple moving average of $537.32. 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 firm has a market cap of $107.30 billion, a PE ratio of 20.48, a P/E/G ratio of 2.96 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts expect that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.90%. Lockheed Martin’s payout ratio is 59.30%.

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.