Simplicity Wealth LLC Has $730,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Simplicity Wealth LLC cut its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 64.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,503 shares of the aerospace company's stock after selling 2,779 shares during the period. Simplicity Wealth LLC's holdings in Lockheed Martin were worth $730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMT. Platform Technology Partners boosted its stake in shares of Lockheed Martin by 0.5% in the third quarter. Platform Technology Partners now owns 4,122 shares of the aerospace company's stock valued at $2,409,000 after purchasing an additional 19 shares during the period. Assetmark Inc. lifted its stake in shares of Lockheed Martin by 1.3% in the third quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company's stock worth $859,000 after acquiring an additional 19 shares in the last quarter. Vinva Investment Management Ltd lifted its stake in shares of Lockheed Martin by 3.0% in the third quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company's stock worth $382,000 after acquiring an additional 19 shares in the last quarter. Widmann Financial Services Inc. boosted its holdings in Lockheed Martin by 2.1% in the third quarter. Widmann Financial Services Inc. now owns 968 shares of the aerospace company's stock valued at $566,000 after purchasing an additional 20 shares during the last quarter. Finally, CFS Investment Advisory Services LLC grew its stake in Lockheed Martin by 2.0% during the 4th quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock valued at $530,000 after purchasing an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

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Insider Activity

In related news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the sale, the insider now owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 over the last 90 days. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Stock Performance

NYSE LMT traded down $7.46 during trading hours on Tuesday, hitting $471.71. The company had a trading volume of 980,198 shares, compared to its average volume of 1,118,064. The business has a fifty day simple moving average of $462.79 and a 200-day simple moving average of $520.80. The firm has a market cap of $111.03 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.80%. Lockheed Martin's dividend payout ratio (DPR) is 59.30%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays cut their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. StockNews.com cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Friday, January 31st. UBS Group decreased their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and cut their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $554.20.

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.