Betterment LLC Has $225,000 Position in Lockheed Martin Corporation $LMT

Key Points

• Betterment LLC has significantly reduced its position in Lockheed Martin Corporation by 60.4%, selling 766 shares and ending the quarter with 503 shares valued at $225,000.
• Recent institutional investments include new stakes from several firms, with the overall ownership of institutional investors at 74.19% of Lockheed Martin's stock.
• Analysts have adjusted their price targets for Lockheed Martin, with a current average target of $506.35, reflecting mixed ratings including "Hold" and "Buy" designations from various brokerages.

Betterment LLC reduced its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 60.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 503 shares of the aerospace company's stock after selling 766 shares during the period. Betterment LLC's holdings in Lockheed Martin were worth $225,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after acquiring an additional 560,457 shares during the period. Invesco Ltd. raised its holdings in Lockheed Martin by 0.6% in the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock valued at $958,116,000 after buying an additional 12,899 shares during the period. GAMMA Investing LLC raised its holdings in Lockheed Martin by 41,104.9% in the first 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 period. Dimensional Fund Advisors LP raised its holdings in Lockheed Martin by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock valued at $580,317,000 after buying an additional 24,512 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Lockheed Martin by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company's stock valued at $518,937,000 after purchasing an additional 51,522 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LMT has been the topic of a number of analyst reports. Vertical Research reiterated a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. TD Cowen reiterated a "hold" rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of "Hold" and an average price target of $494.00.

Lockheed Martin Price Performance

NYSE LMT traded down $3.74 on Wednesday, reaching $448.76. The company's stock had a trading volume of 1,535,279 shares, compared to its average volume of 1,662,668. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market cap of $104.77 billion, a PE ratio of 25.27, a PEG ratio of 1.60 and a beta of 0.26. The firm's 50 day moving average is $446.49 and its two-hundred day moving average is $456.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.9%. Lockheed Martin's dividend payout ratio is currently 74.32%.

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.