JGP Wealth Management LLC Sells 377 Shares of Lockheed Martin Co. (NYSE:LMT)

JGP Wealth Management LLC reduced its stake in Lockheed Martin Co. (NYSE:LMT) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,104 shares of the aerospace company’s stock after selling 377 shares during the period. JGP Wealth Management LLC’s holdings in Lockheed Martin were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Moneta Group Investment Advisors LLC raised its position in Lockheed Martin by 81,305.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock valued at $927,896,000 after purchasing an additional 1,904,985 shares in the last quarter. Osaic Holdings Inc. raised its position in Lockheed Martin by 426.6% during the second quarter. Osaic Holdings Inc. now owns 1,203,558 shares of the aerospace company’s stock valued at $104,767,000 after purchasing an additional 975,012 shares in the last quarter. Renaissance Technologies LLC raised its position in Lockheed Martin by 586.8% during the first quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock valued at $163,097,000 after purchasing an additional 315,700 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after buying an additional 279,162 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock worth $2,320,030,000 after buying an additional 264,665 shares in the last quarter. 74.26% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 0.6 %

Shares of LMT traded down $2.62 on Monday, reaching $433.20. The company’s stock had a trading volume of 960,725 shares, compared to its average volume of 1,209,516. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $508.10. The stock has a market capitalization of $104.68 billion, a PE ratio of 15.72, a PEG ratio of 3.98 and a beta of 0.48. The firm has a fifty day moving average of $435.26 and a 200-day moving average of $438.04.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. During the same quarter in the prior year, the business posted $7.79 EPS. The firm’s revenue was down .6% compared to the same quarter last year. Equities analysts predict that Lockheed Martin Co. will post 26.16 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a $3.15 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $12.60 annualized dividend and a yield of 2.91%. Lockheed Martin’s dividend payout ratio (DPR) is 45.74%.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research analyst reports. Morgan Stanley lowered their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Susquehanna reduced their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. UBS Group cut their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Citigroup cut their price target on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $491.92.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.17% of the company’s stock.

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.