Lockheed Martin Corporation $LMT Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 17.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 129,389 shares of the aerospace company’s stock after selling 28,278 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lockheed Martin were worth $64,592,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. UniSuper Management Pty Ltd increased its position in Lockheed Martin by 1.1% during the 3rd quarter. UniSuper Management Pty Ltd now owns 228,675 shares of the aerospace company’s stock worth $114,157,000 after purchasing an additional 2,380 shares in the last quarter. Drive Wealth Management LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at about $204,000. Delta Financial Advisors LLC increased its stake in shares of Lockheed Martin by 89.7% during the 3rd quarter. Delta Financial Advisors LLC now owns 3,564 shares of the aerospace company’s stock valued at $1,779,000 after acquiring an additional 1,685 shares during the last quarter. Rossmore Private Capital lifted its holdings in shares of Lockheed Martin by 1.8% during the 3rd quarter. Rossmore Private Capital now owns 11,365 shares of the aerospace company’s stock worth $5,674,000 after acquiring an additional 200 shares during the period. Finally, Probity Advisors Inc. boosted its position in shares of Lockheed Martin by 14.0% in the third quarter. Probity Advisors Inc. now owns 4,286 shares of the aerospace company’s stock worth $2,140,000 after acquiring an additional 527 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LMT shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $515.00 price target (up previously from $465.00) on shares of Lockheed Martin in a research report on Friday, December 19th. Jefferies Financial Group upped their price objective on Lockheed Martin from $500.00 to $540.00 and gave the stock a “hold” rating in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Sanford C. Bernstein reissued a “market perform” rating and set a $586.00 price target on shares of Lockheed Martin in a research report on Monday, January 12th. Finally, Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $543.82.

Lockheed Martin Stock Down 0.6%

Shares of Lockheed Martin stock opened at $590.30 on Friday. The company has a fifty day moving average price of $495.94 and a 200 day moving average price of $476.04. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $596.22. The stock has a market cap of $136.59 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 1.69 and a beta of 0.24.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.