Lockheed Martin Co. (NYSE:LMT) Shares Sold by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,841 shares of the aerospace company’s stock after selling 130 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Lockheed Martin were worth $1,288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Lee Financial Co increased its position in Lockheed Martin by 367.6% in the 1st quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock valued at $210,000 after acquiring an additional 375 shares during the period. Vontobel Holding Ltd. boosted its holdings in Lockheed Martin by 240.0% in the 1st quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock valued at $1,821,000 after purchasing an additional 2,911 shares in the last quarter. Sei Investments Co. grew its holdings in Lockheed Martin by 56.8% during the first quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock worth $9,995,000 after acquiring an additional 8,389 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Lockheed Martin by 18.4% in the first quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock valued at $12,716,000 after purchasing an additional 4,472 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Lockheed Martin by 20.4% during the first quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock worth $47,391,000 after buying an additional 18,201 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their target price on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. UBS Group cut their price target on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Susquehanna decreased their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Finally, Citigroup cut their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $491.92.

Insider Activity

In related news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 in the last ninety days. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Down 0.4 %

Shares of LMT stock traded down $1.62 during mid-day trading on Thursday, hitting $455.16. 239,345 shares of the company’s stock were exchanged, compared to its average volume of 1,160,570. The stock has a market cap of $109.46 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 4.08 and a beta of 0.48. The stock has a 50-day simple moving average of $433.46 and a two-hundred day simple moving average of $438.35. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $508.10. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating the consensus estimate of $7.26 by $0.64. The company had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.79 EPS. Equities analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a $3.15 dividend. The ex-dividend date is Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.77%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

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.