Lockheed Martin Co. (NYSE:LMT) Shares Sold by Financial Partners Group LLC

Financial Partners Group LLC trimmed its holdings in Lockheed Martin Co. (NYSE:LMTFree Report) by 0.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,996 shares of the aerospace company’s stock after selling 56 shares during the period. Lockheed Martin makes up 3.7% of Financial Partners Group LLC’s holdings, making the stock its 8th largest holding. Financial Partners Group LLC’s holdings in Lockheed Martin were worth $8,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. raised its position in Lockheed Martin by 1.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after purchasing an additional 23 shares during the period. Norris Perne & French LLP MI raised its position in Lockheed Martin by 2.8% in the 4th quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock worth $410,000 after purchasing an additional 25 shares during the period. Genesee Capital Advisors LLC raised its position in Lockheed Martin by 2.8% in the 4th quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock worth $419,000 after purchasing an additional 25 shares during the period. Hunter Associates Investment Management LLC raised its position in Lockheed Martin by 1.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock worth $912,000 after purchasing an additional 25 shares during the period. Finally, Missouri Trust & Investment Co raised its position in Lockheed Martin by 19.8% in the 4th quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock worth $68,000 after purchasing an additional 25 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 2.0 %

Shares of NYSE LMT traded up $9.40 during midday trading on Friday, hitting $470.34. The stock had a trading volume of 1,651,560 shares, compared to its average volume of 736,782. The business’s 50 day moving average is $460.06 and its 200-day moving average is $447.98. The company has a market cap of $112.85 billion, a P/E ratio of 17.21, a PEG ratio of 4.43 and a beta of 0.46. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.43 earnings per share. As a group, analysts predict that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a dividend of $3.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.68%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Insider Activity at Lockheed Martin

In related news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on LMT. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Wells Fargo & Company boosted their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Finally, The Goldman Sachs Group decreased their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $485.40.

Get Our Latest Research Report on LMT

Lockheed Martin Profile

(Free Report)

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.

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

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