Capital Asset Advisory Services LLC Sells 115 Shares of Lockheed Martin Co. (NYSE:LMT)

Capital Asset Advisory Services LLC reduced its position in shares of Lockheed Martin Co. (NYSE:LMT) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,801 shares of the aerospace company’s stock after selling 115 shares during the period. Capital Asset Advisory Services LLC’s holdings in Lockheed Martin were worth $820,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Warther Private Wealth LLC raised its position in Lockheed Martin by 86.1% in the fourth quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after acquiring an additional 7,575 shares during the period. Alethea Capital Management LLC bought a new stake in Lockheed Martin in the third quarter worth about $415,000. Morningstar Investment Services LLC raised its position in Lockheed Martin by 99.6% in the fourth quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock worth $66,697,000 after acquiring an additional 73,774 shares during the period. AdvisorNet Financial Inc raised its position in Lockheed Martin by 0.4% in the fourth quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock worth $3,509,000 after acquiring an additional 29 shares during the period. Finally, Cercano Management LLC bought a new stake in Lockheed Martin in the fourth quarter worth about $29,454,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $467.14 on Friday. The company has a 50 day moving average of $464.84 and a 200 day moving average of $450.35. The stock has a market cap of $112.09 billion, a P/E ratio of 17.09, a P/E/G ratio of 4.40 and a beta of 0.47. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. Lockheed Martin’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.43 earnings per share. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.17 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.70%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Wall Street Analyst Weigh In

Several brokerages have commented on LMT. The Goldman Sachs Group lowered their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. Citigroup lifted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Finally, UBS Group boosted their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus target price of $485.40.

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.