Wealth Effects LLC Has $295,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

Wealth Effects LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 607 shares of the aerospace company’s stock after selling 104 shares during the period. Wealth Effects LLC’s holdings in Lockheed Martin were worth $295,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Virtue Capital Management LLC lifted its stake in Lockheed Martin by 112.8% during the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock valued at $1,315,000 after acquiring an additional 1,192 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Lockheed Martin by 2.1% during the third quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company’s stock valued at $382,498,000 after purchasing an additional 13,253 shares in the last quarter. Hilltop Holdings Inc. boosted its holdings in Lockheed Martin by 79.9% during the third quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company’s stock worth $7,054,000 after purchasing an additional 5,361 shares during the last quarter. Capital Investment Advisors LLC grew its position in Lockheed Martin by 2.2% in the 4th quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company’s stock worth $44,770,000 after purchasing an additional 2,011 shares in the last quarter. Finally, Old West Investment Management LLC increased its stake in Lockheed Martin by 6.6% in the 3rd quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock valued at $15,569,000 after buying an additional 1,643 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.3 %

Shares of NYSE LMT opened at $503.19 on Tuesday. The company has a market cap of $119.28 billion, a P/E ratio of 18.22, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The business has a 50-day simple moving average of $499.24 and a two-hundred day simple moving average of $537.29. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Analyst Ratings Changes

Several research firms have recently issued reports on LMT. Susquehanna reduced their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Citigroup decreased their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. TD Cowen raised their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, UBS Group boosted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $577.73.

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.