First Command Advisory Services Inc. Sells 1,297 Shares of Lockheed Martin Co. (NYSE:LMT)

First Command Advisory Services Inc. lowered its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,003 shares of the aerospace company's stock after selling 1,297 shares during the quarter. First Command Advisory Services Inc.'s holdings in Lockheed Martin were worth $1,459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin in the 3rd quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin in the third quarter worth about $40,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin in the 4th quarter valued at about $35,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter valued at approximately $42,000. Finally, Vestor Capital LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at $46,000. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. StockNews.com cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Finally, UBS Group reduced their target price on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Moderate Buy" and an average price target of $553.67.

Lockheed Martin Stock Up 0.8 %

NYSE:LMT traded up $3.73 during trading hours on Friday, reaching $450.19. The company's stock had a trading volume of 1,432,091 shares, compared to its average volume of 1,574,859. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The company has a market cap of $105.97 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The business's 50-day moving average is $465.79 and its 200-day moving average is $525.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.93%. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.

Insider Activity

In other news, 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 value of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 over the last 90 days. 0.17% of the stock is currently owned by company 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.