Waverton Investment Management Ltd Reduces Holdings in Lockheed Martin Corporation (NYSE:LMT)

Waverton Investment Management Ltd reduced its position in Lockheed Martin Corporation (NYSE:LMT) by 6.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,145 shares of the aerospace company’s stock after selling 155 shares during the period. Waverton Investment Management Ltd’s holdings in Lockheed Martin were worth $958,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin during the fourth quarter worth about $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $34,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the fourth quarter worth about $35,000. Redwood Park Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Lockheed Martin in the fourth quarter valued at $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.0%

LMT opened at $458.23 on Friday. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95. The firm has a 50 day moving average price of $470.90 and a 200 day moving average price of $467.16. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08. The company has a market cap of $107.36 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.60 and a beta of 0.29.

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

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s payout ratio is 57.02%.

Analyst Ratings Changes

A number of equities analysts have issued reports on LMT shares. Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 23rd. Bank of America cut Lockheed Martin from a “buy” rating to a “neutral” rating and cut their price target for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Melius Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Wells Fargo & Company reduced their price target on 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, Jefferies Financial Group reduced their target price on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.