Access Financial Services Inc. Cuts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Access Financial Services Inc. reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,436 shares of the aerospace company’s stock after selling 266 shares during the quarter. Access Financial Services Inc.’s holdings in Lockheed Martin were worth $1,670,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Thrive Wealth Management LLC raised its stake in shares of Lockheed Martin by 1.9% in the fourth quarter. Thrive Wealth Management LLC now owns 3,841 shares of the aerospace company’s stock valued at $1,866,000 after buying an additional 70 shares during the period. Divergent Planning LLC grew its position in Lockheed Martin by 62.2% during the fourth quarter. Divergent Planning LLC now owns 1,009 shares of the aerospace company’s stock worth $472,000 after buying an additional 387 shares in the last quarter. Diversify Wealth Management LLC grew its position in Lockheed Martin by 38.2% during the fourth quarter. Diversify Wealth Management LLC now owns 5,527 shares of the aerospace company’s stock worth $2,587,000 after buying an additional 1,528 shares in the last quarter. LVW Advisors LLC increased its position in shares of Lockheed Martin by 11.1% during the 4th quarter. LVW Advisors LLC now owns 1,230 shares of the aerospace company’s stock valued at $598,000 after purchasing an additional 123 shares during the last quarter. Finally, Smart Money Group LLC increased its position in shares of Lockheed Martin by 5.8% during the 4th quarter. Smart Money Group LLC now owns 1,450 shares of the aerospace company’s stock valued at $704,000 after purchasing an additional 80 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 0.8 %

Lockheed Martin stock opened at $490.60 on Monday. The firm has a market cap of $116.29 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. The stock has a fifty day simple moving average of $504.80 and a two-hundred day simple moving average of $535.54. 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.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business 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 quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $6.77 EPS. Equities analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LMT has been the subject of several analyst reports. TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. UBS Group increased their target price on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Citigroup increased their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $584.40.

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.