Y Intercept Hong Kong Ltd Cuts Stake in Lockheed Martin Co. (NYSE:LMT)

Y Intercept Hong Kong Ltd lessened its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 93.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 827 shares of the aerospace company's stock after selling 12,287 shares during the period. Y Intercept Hong Kong Ltd's holdings in Lockheed Martin were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin during the third quarter valued at $26,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter worth about $27,000. Sachetta LLC lifted its stake in 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 in the last quarter. Stephens Consulting LLC boosted its holdings in Lockheed Martin by 48.9% in the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock worth $31,000 after buying an additional 22 shares during the last quarter. Finally, Burkett Financial Services LLC purchased a new stake in Lockheed Martin during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research analyst reports. UBS Group lifted their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. TD Cowen upped their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. Finally, Citigroup increased their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $612.29.

Lockheed Martin Trading Down 0.6 %

LMT stock traded down $3.10 during midday trading on Monday, hitting $491.55. 1,482,923 shares of the company's stock were exchanged, compared to its average volume of 1,085,307. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $116.52 billion, a PE ratio of 17.80, a P/E/G ratio of 4.13 and a beta of 0.46. The business has a 50-day simple moving average of $550.51 and a two-hundred day simple moving average of $533.22.

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 the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $6.77 EPS. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Monday, December 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 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.