Aviso Wealth Management Sells 973 Shares of Lockheed Martin Co. (NYSE:LMT)

Aviso Wealth Management trimmed its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 38.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,542 shares of the aerospace company's stock after selling 973 shares during the quarter. Aviso Wealth Management's holdings in Lockheed Martin were worth $901,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin in the second quarter worth $27,000. Sachetta LLC grew its stake in shares of Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock valued at $28,000 after buying an additional 20 shares during the period. Wiser Advisor Group LLC lifted its holdings in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock worth $29,000 after buying an additional 25 shares during the last quarter. Stephens Consulting LLC lifted its stake in Lockheed Martin by 48.9% during the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock worth $31,000 after purchasing an additional 22 shares during the last quarter. Finally, Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LMT shares. Robert W. Baird raised their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. TD Cowen upped their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Bank of America reiterated a "buy" rating and issued a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Finally, StockNews.com cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $611.00.

Lockheed Martin Stock Performance

LMT stock traded down $3.93 during trading on Monday, reaching $530.90. 709,432 shares of the company's stock were exchanged, compared to its average volume of 1,061,829. The firm has a market cap of $125.84 billion, a PE ratio of 19.23, a P/E/G ratio of 4.37 and a beta of 0.49. The company's fifty day moving average price is $576.52 and its 200-day moving average price is $525.23. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

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

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. This is a boost from Lockheed Martin's previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin's dividend payout ratio is 47.79%.

About Lockheed Martin

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.