Omnia Family Wealth LLC Sells 112 Shares of Lockheed Martin Co. (NYSE:LMT)

Omnia Family Wealth LLC decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,710 shares of the aerospace company’s stock after selling 112 shares during the period. Lockheed Martin comprises about 0.4% of Omnia Family Wealth LLC’s investment portfolio, making the stock its 29th biggest position. Omnia Family Wealth LLC’s holdings in Lockheed Martin were worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Connecticut Wealth Management LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at $261,000. KG&L Capital Management LLC boosted its position in Lockheed Martin by 53.1% during the 3rd quarter. KG&L Capital Management LLC now owns 718 shares of the aerospace company’s stock valued at $294,000 after buying an additional 249 shares during the period. Oak Family Advisors LLC boosted its position in Lockheed Martin by 20.4% during the 3rd quarter. Oak Family Advisors LLC now owns 1,657 shares of the aerospace company’s stock valued at $678,000 after buying an additional 281 shares during the period. Plimoth Trust Co. LLC boosted its position in Lockheed Martin by 3.6% during the 3rd quarter. Plimoth Trust Co. LLC now owns 4,636 shares of the aerospace company’s stock valued at $1,896,000 after buying an additional 161 shares during the period. Finally, Lake Street Financial LLC boosted its position in Lockheed Martin by 4.6% during the 3rd quarter. Lake Street Financial LLC now owns 2,801 shares of the aerospace company’s stock valued at $1,151,000 after buying an additional 123 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.8 %

NYSE:LMT traded down $3.49 on Friday, reaching $461.29. 857,964 shares of the stock traded hands, compared to its average volume of 1,102,151. The company has a market capitalization of $110.68 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 4.22 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50. The company’s fifty day simple moving average is $443.74 and its 200 day simple moving average is $444.53.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same period in the previous year, the business posted $6.43 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities analysts predict that Lockheed Martin Co. will post 26.16 EPS for the current fiscal year.

Insider Transactions at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock worth $7,249,946 over the last three months. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on LMT shares. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday. Morgan Stanley dropped their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Wells Fargo & Company raised their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Susquehanna lowered their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $485.40.

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.