Lockheed Martin Co. (NYSE:LMT) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,376 shares of the aerospace company’s stock after selling 62 shares during the quarter. Greenleaf Trust’s holdings in Lockheed Martin were worth $4,312,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LMT. Meadow Creek Wealth Advisors LLC boosted its holdings in Lockheed Martin by 7.1% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 874 shares of the aerospace company’s stock worth $511,000 after buying an additional 58 shares in the last quarter. Elevated Capital Advisors LLC grew its position in Lockheed Martin by 3.3% during the third quarter. Elevated Capital Advisors LLC now owns 1,100 shares of the aerospace company’s stock worth $643,000 after buying an additional 35 shares during the period. Marietta Wealth Management LLC grew its position in Lockheed Martin by 2.3% during the third quarter. Marietta Wealth Management LLC now owns 10,742 shares of the aerospace company’s stock worth $6,279,000 after buying an additional 245 shares during the period. Lazari Capital Management Inc. acquired a new position in Lockheed Martin during the third quarter worth about $204,000. Finally, Community Trust & Investment Co. acquired a new position in Lockheed Martin during the third quarter worth about $513,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.7 %

Shares of LMT stock traded up $3.97 during trading on Wednesday, hitting $580.95. 141,639 shares of the company were exchanged, compared to its average volume of 1,048,397. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The firm has a market capitalization of $139.39 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 4.84 and a beta of 0.47. The business’s 50-day simple moving average is $579.79 and its 200 day simple moving average is $513.10. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $6.77 earnings per share. As a group, analysts forecast that Lockheed Martin Co. will post 26.68 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.27%. Lockheed Martin’s payout ratio is 48.30%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LMT. Barclays upped their price target on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Bank of America reaffirmed a “buy” rating and set a $635.00 price target on shares of Lockheed Martin in a research report on Friday, August 30th. Wells Fargo & Company raised their price target on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Susquehanna lowered their price target on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a report on Wednesday. Finally, UBS Group increased their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $599.21.

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.