Journey Strategic Wealth LLC Trims Stock Position in Lockheed Martin Co. (NYSE:LMT)

Journey Strategic Wealth LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,055 shares of the aerospace company’s stock after selling 78 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Lockheed Martin were worth $513,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SYM FINANCIAL Corp increased its holdings in shares of Lockheed Martin by 5.6% in the 4th quarter. SYM FINANCIAL Corp now owns 434 shares of the aerospace company’s stock valued at $211,000 after acquiring an additional 23 shares during the period. DAVENPORT & Co LLC grew its position in Lockheed Martin by 3.8% during the 4th quarter. DAVENPORT & Co LLC now owns 21,023 shares of the aerospace company’s stock worth $10,215,000 after purchasing an additional 779 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Lockheed Martin by 4.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,803 shares of the aerospace company’s stock valued at $2,820,000 after purchasing an additional 248 shares during the period. Independence Bank of Kentucky raised its holdings in shares of Lockheed Martin by 5.5% in the fourth quarter. Independence Bank of Kentucky now owns 3,256 shares of the aerospace company’s stock valued at $1,582,000 after buying an additional 170 shares during the last quarter. Finally, Marietta Wealth Management LLC raised its holdings in shares of Lockheed Martin by 6.8% in the fourth quarter. Marietta Wealth Management LLC now owns 11,477 shares of the aerospace company’s stock valued at $5,577,000 after buying an additional 735 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $462.53 on Monday. The business has a 50 day moving average price of $492.29 and a 200 day moving average price of $536.89. The company has a market capitalization of $108.87 billion, a P/E ratio of 20.78, a PEG ratio of 3.78 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. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results 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 return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts expect that Lockheed Martin Co. will post 27.09 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. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LMT shares. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday. Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Susquehanna lowered their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Citigroup cut 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 report on Tuesday, January 21st. Finally, Robert W. Baird lifted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $555.60.

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.