Mayflower Financial Advisors LLC Sells 963 Shares of Lockheed Martin Corporation (NYSE:LMT)

Mayflower Financial Advisors LLC trimmed its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 26.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,707 shares of the aerospace company's stock after selling 963 shares during the quarter. Mayflower Financial Advisors LLC's holdings in Lockheed Martin were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Millstone Evans Group LLC bought a new position in Lockheed Martin during the fourth quarter valued at approximately $32,000. TruNorth Capital Management LLC bought a new position in Lockheed Martin during the first quarter valued at approximately $31,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin during the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the fourth quarter valued at approximately $35,000. Finally, Redwood Park Advisors LLC bought a new position in Lockheed Martin during the fourth quarter valued at approximately $40,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $5.06 during midday trading on Friday, hitting $464.14. The company had a trading volume of 1,843,659 shares, compared to its average volume of 1,371,020. The business's 50 day simple moving average is $469.56 and its two-hundred day simple moving average is $464.56. The stock has a market cap of $108.75 billion, a PE ratio of 20.05, a P/E/G ratio of 1.65 and a beta of 0.28. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95.

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

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.84%. Lockheed Martin's dividend payout ratio is currently 57.02%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LMT shares. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a research report on Wednesday, April 16th. UBS Group raised their price objective 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. TD Cowen reissued a "hold" rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research report on Wednesday, April 23rd. Twelve equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and a consensus price target of $532.69.

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.