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

Stratos Wealth Advisors LLC decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,045 shares of the aerospace company’s stock after selling 103 shares during the period. Stratos Wealth Advisors LLC’s holdings in Lockheed Martin were worth $508,000 as of its most recent SEC filing.

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

Lockheed Martin Stock Performance

LMT stock opened at $444.05 on Friday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market cap of $104.52 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.96 and a beta of 0.48. The firm has a 50 day simple moving average of $486.55 and a 200 day simple moving average of $535.81. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. Research analysts anticipate that Lockheed Martin Co. will post 27.29 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. UBS Group lowered their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently 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.