Lockheed Martin Co. (NYSE:LMT) Shares Sold by Quest Partners LLC

Quest Partners LLC trimmed its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 67.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,539 shares of the aerospace company's stock after selling 5,274 shares during the period. Quest Partners LLC's holdings in Lockheed Martin were worth $1,484,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin during the 2nd quarter valued at about $27,000. Sachetta LLC lifted its holdings 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 acquiring an additional 20 shares during the last quarter. Wiser Advisor Group LLC lifted its holdings in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 25 shares during the last quarter. Stephens Consulting LLC lifted its holdings in shares of Lockheed Martin by 48.9% in the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 22 shares during the last quarter. Finally, Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.3 %

LMT stock traded up $1.47 during trading on Wednesday, hitting $534.73. 994,035 shares of the company's stock traded hands, compared to its average volume of 1,063,588. The firm has a market capitalization of $126.75 billion, a P/E ratio of 19.19, a PEG ratio of 4.37 and a beta of 0.49. The business has a fifty day simple moving average of $574.83 and a two-hundred day simple moving average of $526.21. 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 Co. has a 1 year low of $413.92 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion during 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%. Lockheed Martin's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $6.77 earnings per share. Sell-side analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.47%. This is an increase from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin's dividend payout ratio (DPR) is 45.62%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LMT. TD Cowen increased their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Susquehanna decreased their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a "positive" rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Melius Research raised shares of Lockheed Martin to a "strong-buy" rating in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $611.00.

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.