Daymark Wealth Partners LLC Sells 13,175 Shares of Lockheed Martin Co. (NYSE:LMT)

Daymark Wealth Partners LLC lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 59.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 8,882 shares of the aerospace company's stock after selling 13,175 shares during the period. Daymark Wealth Partners LLC's holdings in Lockheed Martin were worth $3,968,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after buying an additional 1,986,600 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after acquiring an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Lockheed Martin by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after purchasing an additional 1,132,461 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $526,587,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $451,985,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LMT shares. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. UBS Group boosted their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group cut their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Finally, Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Price Performance

NYSE:LMT traded down $19.70 during trading hours on Wednesday, reaching $457.20. The company had a trading volume of 3,614,624 shares, compared to its average volume of 1,311,412. 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 firm has a market capitalization of $107.12 billion, a PE ratio of 20.54, a PEG ratio of 2.07 and a beta of 0.29. The stock has a 50-day moving average of $469.07 and a two-hundred day moving average of $471.03. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The business had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio is 57.02%.

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.