Lockheed Martin Co. (NYSE:LMT) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,896 shares of the aerospace company's stock after selling 1,238 shares during the period. CIBC Private Wealth Group LLC's holdings in Lockheed Martin were worth $17,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtue Capital Management LLC boosted its holdings in shares of Lockheed Martin by 112.8% during the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company's stock valued at $1,315,000 after acquiring an additional 1,192 shares in the last quarter. Hilltop Holdings Inc. increased its position in Lockheed Martin by 79.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company's stock valued at $7,054,000 after acquiring an additional 5,361 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Lockheed Martin by 51.7% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock worth $4,630,000 after buying an additional 3,247 shares during the period. Capital Investment Advisors LLC raised its holdings in Lockheed Martin by 2.2% during the 4th quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock worth $44,770,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Brady Martz Wealth Solutions LLC bought a new position in shares of Lockheed Martin in the 4th quarter worth about $1,266,000. Institutional investors own 74.19% of the company's stock.

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Lockheed Martin Stock Up 0.8 %

Shares of LMT traded up $3.56 on Thursday, hitting $456.43. 1,156,241 shares of the stock traded hands, compared to its average volume of 1,211,494. The company has a market capitalization of $107.06 billion, a PE ratio of 20.49, a P/E/G ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The business has a 50 day simple moving average of $453.52 and a 200 day simple moving average of $507.80.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's dividend payout ratio is 59.30%.

Insider Transactions at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 over the last three months. Corporate insiders own 0.17% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LMT shares. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a "buy" rating and a $579.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, UBS Group dropped their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five 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 target price of $539.53.

Lockheed Martin Company 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.