Lockheed Martin Co. (NYSE:LMT) Shares Sold by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. lessened its holdings in Lockheed Martin Co. (NYSE:LMTFree Report) by 94.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,296 shares of the aerospace company’s stock after selling 23,267 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in Lockheed Martin were worth $587,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 27 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Lockheed Martin during the fourth quarter worth about $26,000. Activest Wealth Management lifted its holdings in shares of Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the period. Providence Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth about $35,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LMT. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group decreased their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Citigroup lifted their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Finally, UBS Group lifted their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $485.40.

Read Our Latest Report on LMT

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $3.69 on Wednesday, reaching $459.11. The company’s stock had a trading volume of 1,026,419 shares, compared to its average volume of 1,080,184. The company has a market capitalization of $110.16 billion, a P/E ratio of 16.80, a PEG ratio of 4.40 and a beta of 0.47. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The stock has a 50-day moving average price of $462.40 and a 200-day moving average price of $449.01. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $6.43 earnings per share. Analysts expect that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

About Lockheed Martin

(Free Report)

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.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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