Diversify Advisory Services LLC Has $5.13 Million Position in Lockheed Martin Co. (NYSE:LMT)

Diversify Advisory Services LLC lessened its position in Lockheed Martin Co. (NYSE:LMT) by 9.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,951 shares of the aerospace company’s stock after selling 1,129 shares during the period. Diversify Advisory Services LLC’s holdings in Lockheed Martin were worth $5,125,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the third quarter worth about $26,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin during the 3rd quarter worth approximately $32,000. Mattson Financial Services LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in Lockheed Martin in the third quarter worth $42,000. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Susquehanna cut their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. UBS Group lifted their target price on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays lowered their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $584.40.

Lockheed Martin Stock Up 0.8 %

NYSE:LMT opened at $490.60 on Monday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The firm has a market capitalization of $116.29 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock’s 50 day moving average price is $504.80 and its two-hundred day moving average price is $535.54.

Lockheed Martin (NYSE:LMT) last posted its quarterly 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. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the firm posted $6.77 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

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.