Transamerica Financial Advisors Inc. Sells 277 Shares of Lockheed Martin Co. (NYSE:LMT)

Transamerica Financial Advisors Inc. lowered its holdings in Lockheed Martin Co. (NYSE:LMT) by 11.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,047 shares of the aerospace company’s stock after selling 277 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Lockheed Martin were worth $1,197,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its stake in shares of Lockheed Martin by 68.2% in the 1st quarter. Tidal Investments LLC now owns 15,696 shares of the aerospace company’s stock valued at $7,142,000 after purchasing an additional 6,362 shares in the last quarter. Comerica Bank raised its stake in shares of Lockheed Martin by 12.4% in the first quarter. Comerica Bank now owns 78,572 shares of the aerospace company’s stock valued at $35,740,000 after acquiring an additional 8,699 shares during the last quarter. Plato Investment Management Ltd boosted its holdings in shares of Lockheed Martin by 65.7% in the 1st quarter. Plato Investment Management Ltd now owns 1,064 shares of the aerospace company’s stock worth $484,000 after acquiring an additional 422 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in Lockheed Martin by 2.2% during the 1st quarter. Citizens Financial Group Inc. RI now owns 10,853 shares of the aerospace company’s stock worth $4,967,000 after acquiring an additional 234 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in Lockheed Martin during the 1st quarter valued at $964,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays increased their target price on Lockheed Martin from $505.00 to $565.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. Bank of America reaffirmed a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Susquehanna dropped their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $611.00.

Lockheed Martin Stock Down 0.1 %

Shares of Lockheed Martin stock opened at $521.48 on Wednesday. The business has a fifty day simple moving average of $571.19 and a 200 day simple moving average of $528.54. The stock has a market cap of $123.61 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 4.27 and a beta of 0.49. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $6.77 EPS. Research analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio is presently 45.62%.

About Lockheed Martin

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.