WealthShield Partners LLC Lowers Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Key Points

• WealthShield Partners LLC significantly reduced its stake in Lockheed Martin Corporation by 49.7%, owning 3,127 shares after selling 3,095 shares in the first quarter.
• Lockheed Martin reported an earnings per share of $7.29 for the last quarter, exceeding the consensus estimate of $6.57, with a net margin of 5.85%.
• The company announced a quarterly dividend of $3.30 per share, which reflects an annualized dividend of $13.20 and a dividend yield of 3.0%.

WealthShield Partners LLC lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 49.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,127 shares of the aerospace company's stock after selling 3,095 shares during the period. WealthShield Partners LLC's holdings in Lockheed Martin were worth $1,397,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Northern Trust Corp boosted its stake in Lockheed Martin by 6.3% during the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock valued at $1,098,667,000 after buying an additional 134,662 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after acquiring an additional 1,986,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lockheed Martin by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company's stock worth $619,369,000 after acquiring an additional 70,516 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Lockheed Martin by 0.8% during the 4th quarter. Stifel Financial Corp now owns 1,221,014 shares of the aerospace company's stock worth $593,429,000 after acquiring an additional 9,198 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Lockheed Martin by 4.6% during the 1st 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 in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 1.2%

Lockheed Martin stock traded down $5.07 during mid-day trading on Friday, hitting $425.68. The company's stock had a trading volume of 1,477,499 shares, compared to its average volume of 2,270,781. The firm has a market capitalization of $99.38 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 1.51 and a beta of 0.27. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The stock's fifty day moving average is $456.14 and its two-hundred day moving average is $458.67.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $7.11 earnings per share. On average, analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 3.1%. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research analyst reports. Robert W. Baird decreased their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. UBS Group dropped their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. TD Cowen reaffirmed a "hold" rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Wall Street Zen cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Vertical Research reissued a "hold" rating and issued a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Fifteen analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $506.65.

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.