Lockheed Martin Co. (NYSE:LMT) Shares Sold by Focused Investors LLC

Focused Investors LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 15.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,500 shares of the aerospace company's stock after selling 32,000 shares during the period. Lockheed Martin accounts for about 3.1% of Focused Investors LLC's investment portfolio, making the stock its 19th largest position. Focused Investors LLC owned about 0.07% of Lockheed Martin worth $102,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in shares of Lockheed Martin by 60,592.0% in the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after purchasing an additional 1,556,609 shares in the last quarter. Wulff Hansen & CO. grew its stake in shares of Lockheed Martin by 56,626.7% in the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock worth $476,947,000 after buying an additional 1,019,281 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Lockheed Martin by 124.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company's stock worth $263,561,000 after buying an additional 249,591 shares during the last quarter. Capital Research Global Investors raised its position in shares of Lockheed Martin by 29.7% during the 1st quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company's stock valued at $433,621,000 after buying an additional 218,506 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Lockheed Martin by 219.3% in the 1st quarter. National Bank of Canada FI now owns 318,107 shares of the aerospace company's stock valued at $149,138,000 after acquiring an additional 218,466 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LMT. JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $560.00 to $630.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. UBS Group lifted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Melius raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 target price on the stock in a research note on Tuesday, September 3rd. Finally, Robert W. Baird raised their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Moderate Buy" and an average target price of $611.00.

Lockheed Martin Trading Down 0.8 %

Shares of NYSE:LMT traded down $4.16 during trading on Friday, reaching $534.83. 1,757,312 shares of the company were exchanged, compared to its average volume of 1,182,871. The business's fifty day simple moving average is $576.52 and its 200-day simple moving average is $524.79. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The firm has a market capitalization of $126.78 billion, a PE ratio of 19.36, a P/E/G ratio of 4.37 and a beta of 0.49.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts' consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same period in the prior year, the firm earned $6.77 earnings per share. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Lockheed Martin's previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.47%. Lockheed Martin's dividend payout ratio (DPR) is 45.62%.

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.