Steward Partners Investment Advisory LLC Has $23.72 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Steward Partners Investment Advisory LLC trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,807 shares of the aerospace company’s stock after selling 2,301 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Lockheed Martin were worth $23,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Bravias Capital Group LLC acquired a new position in shares of Lockheed Martin in the fourth quarter valued at $244,000. Gryphon Financial Partners LLC increased its holdings in shares of Lockheed Martin by 3.8% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,710 shares of the aerospace company’s stock valued at $1,317,000 after purchasing an additional 99 shares during the last quarter. Meridian Wealth Management LLC increased its holdings in shares of Lockheed Martin by 27.7% in the fourth quarter. Meridian Wealth Management LLC now owns 6,085 shares of the aerospace company’s stock valued at $2,957,000 after purchasing an additional 1,319 shares during the last quarter. Mission Wealth Management LP increased its holdings in shares of Lockheed Martin by 9.5% in the fourth quarter. Mission Wealth Management LP now owns 4,841 shares of the aerospace company’s stock valued at $2,353,000 after purchasing an additional 419 shares during the last quarter. Finally, Keystone Wealth Services LLC increased its holdings in shares of Lockheed Martin by 33.8% in the fourth quarter. Keystone Wealth Services LLC now owns 1,196 shares of the aerospace company’s stock valued at $581,000 after purchasing an additional 302 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Trading Up 0.2 %

LMT opened at $451.44 on Tuesday. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The company has a 50-day simple moving average of $465.09 and a 200 day simple moving average of $524.06. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $106.26 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.92%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Barclays decreased 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 report on Monday, January 6th. Morgan Stanley decreased their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $553.67.

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.