Ameritas Advisory Services LLC Sells 780 Shares of Lockheed Martin Co. (NYSE:LMT)

Ameritas Advisory Services LLC decreased its position in Lockheed Martin Co. (NYSE:LMT) by 11.5% during the third quarter, Holdings Channel.com reports. The fund owned 6,004 shares of the aerospace company’s stock after selling 780 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Lockheed Martin were worth $3,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mattson Financial Services LLC purchased a new position in Lockheed Martin during the 2nd quarter valued at about $27,000. Sachetta LLC grew its position in shares of Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after buying an additional 20 shares during the last quarter. Wiser Advisor Group LLC increased its stake in shares of Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after buying an additional 25 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in shares of Lockheed Martin during the first quarter valued at approximately $30,000. Finally, Stephens Consulting LLC lifted its stake in Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 22 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Up 0.7 %

NYSE LMT opened at $546.65 on Wednesday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock’s fifty day moving average price is $578.67 and its 200-day moving average price is $520.06. The stock has a market cap of $129.58 billion, a P/E ratio of 19.79, a P/E/G ratio of 4.46 and a beta of 0.49.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $6.77 EPS. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a $3.30 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin’s payout ratio is presently 47.79%.

Analyst Upgrades and Downgrades

LMT has been the subject of several research reports. Susquehanna decreased their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a report on Wednesday, October 23rd. Morgan Stanley increased their price target on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price for the company in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada dropped their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $611.00.

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.