Jmac Enterprises LLC Sells 2,998 Shares of Lockheed Martin Corporation (NYSE:LMT)

Jmac Enterprises LLC trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 47.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,387 shares of the aerospace company's stock after selling 2,998 shares during the period. Jmac Enterprises LLC's holdings in Lockheed Martin were worth $1,513,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LMT. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth $32,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Lockheed Martin in the 4th quarter worth $34,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth $35,000. Redwood Park Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Lockheed Martin in the 4th quarter worth $42,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

NYSE:LMT opened at $470.21 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The business's 50-day simple moving average is $471.63 and its two-hundred day simple moving average is $467.91. The stock has a market cap of $110.17 billion, a PE ratio of 20.31, a P/E/G ratio of 1.64 and a beta of 0.29. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The firm had revenue of $17.96 billion for the quarter, compared to analysts' expectations of $17.83 billion. As a group, analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.

Analysts Set New Price Targets

LMT has been the topic of several analyst reports. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Jefferies Financial Group lowered their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Finally, UBS Group lifted their target price on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin 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.

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