Diversify Advisory Services LLC Sells 1,129 Shares of Lockheed Martin Co. (NYSE:LMT)

Diversify Advisory Services LLC trimmed its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,951 shares of the aerospace company's stock after selling 1,129 shares during the period. Diversify Advisory Services LLC's holdings in Lockheed Martin were worth $5,125,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of Lockheed Martin by 2.1% during the third quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company's stock valued at $382,498,000 after acquiring an additional 13,253 shares in the last quarter. Virtue Capital Management LLC grew its position in Lockheed Martin by 112.8% in the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company's stock valued at $1,315,000 after purchasing an additional 1,192 shares during the period. Hilltop Holdings Inc. increased its stake in Lockheed Martin by 79.9% during the 3rd quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company's stock valued at $7,054,000 after purchasing an additional 5,361 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in Lockheed Martin by 2.2% during the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock worth $44,770,000 after buying an additional 2,011 shares during the last quarter. Finally, Old West Investment Management LLC lifted its stake in shares of Lockheed Martin by 6.6% in the third quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company's stock valued at $15,569,000 after buying an additional 1,643 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LMT has been the subject of several recent research reports. StockNews.com downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 3rd. TD Cowen boosted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $546.00 to $540.00 and set an "overweight" rating on the stock in a report on Thursday. Wells Fargo & Company decreased their price target on Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. Finally, Citigroup raised their price objective on Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $584.40.

Lockheed Martin Stock Performance

Shares of LMT traded up $3.74 during mid-day trading on Monday, hitting $490.60. The stock had a trading volume of 1,331,181 shares, compared to its average volume of 1,037,778. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market cap of $116.29 billion, a P/E ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The business has a fifty day moving average price of $504.80 and a 200-day moving average price of $536.03.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company's revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.77 earnings per share. On average, equities research analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Company 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.