Simplicity Wealth LLC Decreases Stock Position in Lockheed Martin Co. (NYSE:LMT)

Simplicity Wealth LLC lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 64.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,503 shares of the aerospace company’s stock after selling 2,779 shares during the quarter. Simplicity Wealth LLC’s holdings in Lockheed Martin were worth $730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMT. Bell Investment Advisors Inc boosted its stake in shares of Lockheed Martin by 21.8% during the 4th quarter. Bell Investment Advisors Inc now owns 235 shares of the aerospace company’s stock valued at $114,000 after buying an additional 42 shares during the last quarter. SLT Holdings LLC purchased a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $286,000. AlphaQuest LLC boosted its stake in shares of Lockheed Martin by 39.1% during the 4th quarter. AlphaQuest LLC now owns 3,531 shares of the aerospace company’s stock valued at $1,716,000 after buying an additional 992 shares during the last quarter. Miramar Capital LLC boosted its stake in shares of Lockheed Martin by 4.4% during the 4th quarter. Miramar Capital LLC now owns 22,328 shares of the aerospace company’s stock valued at $10,850,000 after buying an additional 937 shares during the last quarter. Finally, Coordinated Financial Services Inc. purchased a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $297,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Activity

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LMT. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Citigroup reduced their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. UBS Group dropped their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley dropped their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $554.20.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $474.31 on Monday. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The business’s fifty day moving average price is $462.89 and its two-hundred day moving average price is $521.36. The firm has a market capitalization of $111.65 billion, a PE ratio of 21.31, a P/E/G ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

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.