Mycio Wealth Partners LLC Lowers Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Mycio Wealth Partners LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMTGet Rating) by 3.2% during the first quarter, HoldingsChannel reports. The firm owned 5,180 shares of the aerospace company’s stock after selling 170 shares during the period. Lockheed Martin makes up approximately 0.7% of Mycio Wealth Partners LLC’s holdings, making the stock its 16th biggest holding. Mycio Wealth Partners LLC’s holdings in Lockheed Martin were worth $2,286,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LMT. BlackRock Inc. increased its holdings in shares of Lockheed Martin by 1.6% in the fourth quarter. BlackRock Inc. now owns 17,560,981 shares of the aerospace company’s stock worth $6,241,348,000 after buying an additional 274,160 shares during the period. Capital World Investors increased its holdings in shares of Lockheed Martin by 9.4% in the fourth quarter. Capital World Investors now owns 13,462,533 shares of the aerospace company’s stock worth $4,784,686,000 after buying an additional 1,152,397 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,991,404 shares of the aerospace company’s stock worth $1,773,996,000 after buying an additional 212,470 shares during the period. Capital Research Global Investors increased its holdings in Lockheed Martin by 16.1% during the 4th quarter. Capital Research Global Investors now owns 3,288,398 shares of the aerospace company’s stock valued at $1,168,730,000 after purchasing an additional 456,524 shares during the period. Finally, Northern Trust Corp increased its holdings in Lockheed Martin by 0.5% during the 4th quarter. Northern Trust Corp now owns 2,543,681 shares of the aerospace company’s stock valued at $904,049,000 after purchasing an additional 12,424 shares during the period. Hedge funds and other institutional investors own 78.89% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $426.41 on Friday. The firm has a market cap of $113.06 billion, a PE ratio of 24.68, a P/E/G ratio of 2.93 and a beta of 0.67. The company has a current ratio of 1.27, a quick ratio of 1.06 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $418.80 and a two-hundred day simple moving average of $424.98. Lockheed Martin Co. has a 1-year low of $324.23 and a 1-year high of $479.99.

Lockheed Martin (NYSE:LMTGet Rating) last posted its quarterly earnings data on Tuesday, July 19th. The aerospace company reported $1.16 EPS for the quarter, missing the consensus estimate of $6.39 by ($5.23). The company had revenue of $15.45 billion during the quarter, compared to analysts’ expectations of $16.02 billion. Lockheed Martin had a return on equity of 69.02% and a net margin of 7.33%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the company earned $7.13 earnings per share. On average, equities analysts anticipate that Lockheed Martin Co. will post 26.8 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be paid a $2.80 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $11.20 annualized dividend and a dividend yield of 2.63%. Lockheed Martin’s dividend payout ratio (DPR) is 64.81%.

Insider Transactions at Lockheed Martin

In other news, EVP Gregory M. Ulmer sold 6,929 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total value of $2,936,995.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Gregory M. Ulmer sold 6,929 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $423.87, for a total value of $2,936,995.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Donovan bought 632 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was purchased at an average cost of $396.16 per share, with a total value of $250,373.12. Following the acquisition, the director now directly owns 1,200 shares in the company, valued at approximately $475,392. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Lockheed Martin from $496.00 to $406.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 20th. Susquehanna Bancshares lifted their price objective on Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Lockheed Martin in a research report on Tuesday, April 19th. Susquehanna lifted their price objective on Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Finally, Morgan Stanley cut their price objective on Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $448.00.

Lockheed Martin Company Profile

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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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

Further Reading

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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