Wealth Effects LLC Sells 104 Shares of Lockheed Martin Co. (NYSE:LMT)

Wealth Effects LLC cut its position in shares of Lockheed Martin Co. (NYSE:LMT) by 14.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 607 shares of the aerospace company’s stock after selling 104 shares during the quarter. Wealth Effects LLC’s holdings in Lockheed Martin were worth $295,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the third quarter valued at approximately $26,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin in the 3rd quarter worth $32,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin during the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin during the 3rd quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Robert W. Baird upped their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Wells Fargo & Company lowered their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Susquehanna reduced their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, TD Cowen upped their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $577.73.

Lockheed Martin Trading Up 1.3 %

Shares of NYSE LMT opened at $503.19 on Tuesday. The firm’s 50 day moving average price is $499.24 and its 200-day moving average price is $537.29. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The company has a market cap of $119.28 billion, a PE ratio of 18.22, a P/E/G ratio of 4.05 and a beta of 0.48.

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.