Omnia Family Wealth LLC Sells 22 Shares of Lockheed Martin Corporation (NYSE:LMT)

Omnia Family Wealth LLC lowered its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,770 shares of the aerospace company’s stock after selling 22 shares during the quarter. Omnia Family Wealth LLC’s holdings in Lockheed Martin were worth $791,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company’s stock worth $3,630,492,000 after buying an additional 1,132,461 shares during the last quarter. Geode Capital Management LLC grew its position in Lockheed Martin by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company’s stock worth $2,374,557,000 after acquiring an additional 59,597 shares during the last quarter. Northern Trust Corp increased its holdings in Lockheed Martin by 6.3% during the 4th quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company’s stock valued at $1,098,667,000 after purchasing an additional 134,662 shares in the last quarter. Invesco Ltd. increased its holdings in Lockheed Martin by 17.5% during the 4th quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company’s stock valued at $1,035,989,000 after purchasing an additional 318,007 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock valued at $889,593,000 after purchasing an additional 1,986,600 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

LMT opened at $458.72 on Thursday. The company has a fifty day moving average price of $471.01 and a two-hundred day moving average price of $467.51. The firm has a market capitalization of $107.48 billion, a PE ratio of 19.82, a P/E/G ratio of 1.60 and a beta of 0.29. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08.

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

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.88%. Lockheed Martin’s payout ratio is currently 57.02%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LMT shares. Baird R W upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Bank of America cut shares of Lockheed Martin from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Morgan Stanley raised shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 target price for the company in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird upgraded shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price objective for the company in a research report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $541.80.

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.