Good Life Advisors LLC Sells 89 Shares of Lockheed Martin Co. (NYSE:LMT)

Good Life Advisors LLC lessened its position in Lockheed Martin Co. (NYSE:LMT) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,794 shares of the aerospace company’s stock after selling 89 shares during the quarter. Good Life Advisors LLC’s holdings in Lockheed Martin were worth $872,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin during the third quarter valued at $26,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the 4th quarter valued at about $35,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the third quarter worth about $40,000. Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the third quarter worth about $42,000. Finally, Vestor Capital LLC bought a new position in shares of Lockheed Martin during the third quarter valued at approximately $46,000. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. UBS Group lowered their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. TD Cowen increased their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Price Performance

NYSE LMT opened at $432.68 on Thursday. The stock has a market capitalization of $101.85 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.00 and a beta of 0.48. 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 $472.21 and its 200-day moving average price is $530.35.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities analysts predict that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 3.05%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.