Lockheed Martin Co. (NYSE:LMT) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 621,806 shares of the aerospace company’s stock after selling 12,959 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.26% of Lockheed Martin worth $281,827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Activest Wealth Management boosted its holdings in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $31,000. Milestone Investment Advisors LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $33,000. Finally, Providence Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.4 %

NYSE:LMT opened at $450.40 on Monday. The stock has a fifty day moving average price of $436.96 and a two-hundred day moving average price of $441.40. The stock has a market capitalization of $108.32 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 4.11 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $508.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.26 by $0.64. The firm 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%. Lockheed Martin’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.79 earnings per share. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.80%. The ex-dividend date was Thursday, February 29th. Lockheed Martin’s payout ratio is 45.74%.

Wall Street Analyst Weigh In

LMT has been the subject of several research analyst reports. Royal Bank of Canada decreased their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. UBS Group decreased their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Morgan Stanley decreased their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Citigroup decreased their price objective on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $475.00 to $518.00 in a research note on Monday. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $493.36.

Insiders Place Their Bets

In other Lockheed Martin 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,874 shares of company stock worth $7,249,946. 0.14% of the stock is owned by corporate insiders.

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.