Home Wealth Advisor Lockheed Martin Co. (LMT) Stake Lessened by Ibex Wealth Advisors – Fairfield Current

Lockheed Martin Co. (LMT) Stake Lessened by Ibex Wealth Advisors – Fairfield Current

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Ibex Wealth Advisors lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,889 shares of the aerospace company’s stock after selling 179 shares during the quarter. Lockheed Martin makes up approximately 1.7% of Ibex Wealth Advisors’ holdings, making the stock its 16th biggest holding. Ibex Wealth Advisors’ holdings in Lockheed Martin were worth $3,637,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Lockheed Martin by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,266,343 shares of the aerospace company’s stock valued at $7,357,305,000 after buying an additional 199,456 shares during the last quarter. Vanguard Group Inc grew its position in shares of Lockheed Martin by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 21,266,343 shares of the aerospace company’s stock valued at $7,357,305,000 after buying an additional 199,456 shares during the last quarter. BlackRock Inc. grew its position in shares of Lockheed Martin by 0.8% during the 3rd quarter. BlackRock Inc. now owns 17,385,055 shares of the aerospace company’s stock valued at $6,014,535,000 after buying an additional 136,348 shares during the last quarter. Morgan Stanley grew its position in shares of Lockheed Martin by 3.0% during the 3rd quarter. Morgan Stanley now owns 3,587,085 shares of the aerospace company’s stock valued at $1,240,989,000 after buying an additional 105,749 shares during the last quarter. Finally, Capital International Investors grew its position in shares of Lockheed Martin by 47.7% during the 3rd quarter. Capital International Investors now owns 3,465,642 shares of the aerospace company’s stock valued at $1,198,974,000 after buying an additional 1,119,631 shares during the last quarter. Institutional investors and hedge funds own 77.87% of the company’s stock.

In other Lockheed Martin news, EVP Richard F. Ambrose sold 6,647 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total value of $2,003,006.98. Following the completion of the transaction, the executive vice president now owns 4,218 shares in the company, valued at approximately $1,271,052.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michele A. Evans sold 7,690 shares of the company’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $298.78, for a total transaction of $2,297,618.20. Following the completion of the transaction, the insider now owns 7,690 shares of the company’s stock, valued at approximately $2,297,618.20. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

NYSE LMT opened at $301.50 on Friday. Lockheed Martin Co. has a 52 week low of $241.18 and a 52 week high of $363.00. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 8.70. The stock has a market capitalization of $85.75 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 2.24 and a beta of 1.02.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 EPS for the quarter, hitting the consensus estimate of $4.39. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.75 billion. During the same quarter in the prior year, the firm earned ($2.25) EPS. Lockheed Martin’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, equities analysts expect that Lockheed Martin Co. will post 19.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is 49.30%.

LMT has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 14th. Vertical Group raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Citigroup lowered their price objective on shares of Lockheed Martin from $400.00 to $338.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Barclays lowered their price objective on shares of Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 4th. Finally, Morgan Stanley lowered their price objective on shares of Lockheed Martin from $386.00 to $366.00 and set an “overweight” rating for the company in a research report on Wednesday, November 14th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $348.50.

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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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