Lockheed Martin Co. (NYSE:LMT) Shares Sold by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,835 shares of the aerospace company’s stock after selling 2,226 shares during the quarter. Lockheed Martin comprises about 2.3% of Obermeyer Wood Investment Counsel Lllp’s investment portfolio, making the stock its 17th largest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in Lockheed Martin were worth $33,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC boosted its holdings in shares of Lockheed Martin by 81,305.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock worth $927,896,000 after buying an additional 1,904,985 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Lockheed Martin by 10,526.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after acquiring an additional 1,349,409 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Lockheed Martin by 586.8% during the 1st quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock valued at $163,097,000 after acquiring an additional 315,700 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after acquiring an additional 279,162 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Lockheed Martin by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock valued at $2,320,030,000 after acquiring an additional 264,665 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Insider Transactions at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Up 0.0 %

LMT traded up $0.04 during mid-day trading on Thursday, hitting $456.09. The stock had a trading volume of 714,651 shares, compared to its average volume of 1,157,395. The stock’s fifty day simple moving average is $438.66 and its 200-day simple moving average is $442.12. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The firm has a market capitalization of $109.69 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 4.14 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $503.33.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. During the same period last year, the business posted $7.79 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Thursday, February 29th. Lockheed Martin’s dividend payout ratio is 45.74%.

Analysts Set New Price Targets

Several research firms recently issued reports on LMT. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Morgan Stanley cut their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada cut their target price 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. 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. Finally, UBS Group cut their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $493.36.

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.