Venturi Wealth Management LLC Has $625,000 Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Venturi Wealth Management LLC decreased its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 30.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,399 shares of the aerospace company's stock after selling 625 shares during the period. Venturi Wealth Management LLC's holdings in Lockheed Martin were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in LMT. Eagle Capital Management LLC boosted its position in Lockheed Martin by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after purchasing an additional 32 shares in the last quarter. Brighton Jones LLC grew its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after acquiring an additional 191 shares in the last quarter. Hudson Portfolio Management LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth $256,000. EntryPoint Capital LLC purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $311,000. Finally, Modern Wealth Management LLC grew its holdings in shares of Lockheed Martin by 33.9% during the 4th quarter. Modern Wealth Management LLC now owns 1,039 shares of the aerospace company's stock worth $466,000 after purchasing an additional 263 shares during the period. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research reports. Vertical Research restated a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday. Wells Fargo & Company lowered their target price on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Robert W. Baird cut their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Fifteen analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $506.65.

Lockheed Martin Price Performance

Shares of LMT traded up $1.05 during midday trading on Friday, reaching $421.60. The stock had a trading volume of 2,458,783 shares, compared to its average volume of 1,823,272. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.91. The company has a market capitalization of $98.43 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.45 and a beta of 0.28. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The firm's 50 day moving average price is $465.80 and its 200-day moving average price is $462.71.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating 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 firm's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $7.11 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid 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 3.13%. Lockheed Martin's payout ratio is presently 74.32%.

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.