Ameritas Investment Partners Inc. Sells 86 Shares of Lockheed Martin Co. (NYSE:LMT)

Ameritas Investment Partners Inc. reduced its position in Lockheed Martin Co. (NYSE:LMT) by 1.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,682 shares of the aerospace company’s stock after selling 86 shares during the period. Ameritas Investment Partners Inc.’s holdings in Lockheed Martin were worth $2,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in LMT. Warther Private Wealth LLC lifted its holdings in Lockheed Martin by 86.1% during the fourth quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock valued at $7,419,000 after purchasing an additional 7,575 shares during the last quarter. Morningstar Investment Services LLC boosted its holdings in Lockheed Martin by 99.6% in the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock worth $66,697,000 after buying an additional 73,774 shares during the period. AdvisorNet Financial Inc grew its stake in Lockheed Martin by 0.4% in the 4th quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock valued at $3,509,000 after buying an additional 29 shares in the last quarter. Cercano Management LLC bought a new stake in Lockheed Martin during the 4th quarter valued at $29,454,000. Finally, Brevan Howard Capital Management LP lifted its position in shares of Lockheed Martin by 414.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock worth $3,228,000 after acquiring an additional 5,736 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

NYSE LMT traded up $26.70 on Tuesday, reaching $501.29. 2,576,126 shares of the company’s stock traded hands, compared to its average volume of 1,068,545. The stock has a market cap of $120.28 billion, a PE ratio of 17.90, a P/E/G ratio of 4.48 and a beta of 0.46. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $501.77. The stock has a 50-day simple moving average of $465.59 and a 200 day simple moving average of $452.22. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMT) last released its earnings results 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 for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $6.43 EPS. As a group, research analysts predict that Lockheed Martin Co. will post 26.1 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.51%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMT. Citigroup lifted their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their price target on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Finally, Wells Fargo & Company increased 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 note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.