Keudell Morrison Wealth Management Sells 65 Shares of Lockheed Martin Co. (NYSE:LMT)

Keudell Morrison Wealth Management trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,670 shares of the aerospace company’s stock after selling 65 shares during the period. Keudell Morrison Wealth Management’s holdings in Lockheed Martin were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Algert Global LLC bought a new position in Lockheed Martin in the 2nd quarter worth approximately $277,000. Sanctuary Advisors LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth $24,001,000. Centaurus Financial Inc. boosted its holdings in shares of Lockheed Martin by 17.6% in the second quarter. Centaurus Financial Inc. now owns 3,400 shares of the aerospace company’s stock worth $1,588,000 after acquiring an additional 510 shares during the period. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin in the second quarter valued at $27,000. Finally, Davis Capital Management raised its stake in shares of Lockheed Martin by 4.9% during the 3rd quarter. Davis Capital Management now owns 1,872 shares of the aerospace company’s stock valued at $1,094,000 after purchasing an additional 88 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $459.12 on Friday. The stock has a market cap of $108.07 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 3.78 and a beta of 0.48. The stock’s 50 day simple moving average is $493.89 and its two-hundred day simple moving average is $536.43. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.12 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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%. As a group, analysts expect that Lockheed Martin Co. will post 27.09 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 dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday. Susquehanna decreased their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday. Citigroup cut their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company reduced their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Company 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.