Bank Julius Baer & Co. Ltd Zurich Has $53,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

Bank Julius Baer & Co. Ltd Zurich cut its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 56.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149 shares of the aerospace company’s stock after selling 197 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Lockheed Martin were worth $53,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Veritas Investment Partners UK Ltd. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $26,000. Key Financial Inc acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $26,000. ForthRight Wealth Management LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $35,000. Charter Oak Capital Management LLC bought a new position in Lockheed Martin during the fourth quarter worth about $42,000. Finally, TD Ameritrade Investment Management LLC bought a new position in Lockheed Martin during the fourth quarter worth about $43,000. 77.00% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on LMT. Credit Suisse Group decreased their price objective on Lockheed Martin from $351.00 to $334.00 in a research report on Wednesday, January 27th. Morgan Stanley lowered their target price on Lockheed Martin from $480.00 to $445.00 and set an “overweight” rating for the company in a research note on Monday, February 8th. Finally, Robert W. Baird cut Lockheed Martin from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $420.00 to $368.00 in a research note on Thursday, January 7th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $423.00.

Shares of LMT opened at $380.19 on Thursday. The stock has a market capitalization of $106.49 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.98 and a beta of 0.92. Lockheed Martin Co. has a twelve month low of $319.81 and a twelve month high of $417.62. The company has a 50 day moving average of $349.60 and a 200-day moving average of $357.59. The company has a quick ratio of 1.12, a current ratio of 1.33 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Monday, January 25th. The aerospace company reported $6.38 earnings per share for the quarter, missing the consensus estimate of $6.41 by ($0.03). The business had revenue of $17.03 billion for the quarter, compared to the consensus estimate of $16.92 billion. Lockheed Martin had a return on equity of 173.43% and a net margin of 10.18%. Lockheed Martin’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $5.29 earnings per share. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 24.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Monday, March 1st were issued a $2.60 dividend. This represents a $10.40 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Friday, February 26th. Lockheed Martin’s payout ratio is presently 47.38%.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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