Lifeworks Advisors LLC Sells 573 Shares of Lockheed Martin Co. (NYSE:LMT)

Lifeworks Advisors LLC cut its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 54.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 476 shares of the aerospace company's stock after selling 573 shares during the period. Lifeworks Advisors LLC's holdings in Lockheed Martin were worth $231,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC increased its stake in shares of Lockheed Martin by 21.1% in the fourth quarter. Larson Financial Group LLC now owns 763 shares of the aerospace company's stock valued at $371,000 after buying an additional 133 shares during the period. Machina Capital S.A.S. purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $1,025,000. Oak Hill Wealth Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter worth about $483,000. Aviance Capital Partners LLC boosted its stake in shares of Lockheed Martin by 2.7% in the 4th quarter. Aviance Capital Partners LLC now owns 16,149 shares of the aerospace company's stock worth $7,847,000 after buying an additional 431 shares during the last quarter. Finally, Haven Private LLC bought a new position in Lockheed Martin in the 4th quarter valued at $406,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LMT shares. Citigroup decreased their price objective on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating for the company in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and dropped their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, Barclays reduced their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus target price of $554.20.

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Insiders Place Their Bets

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value 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 trade represents a 61.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. 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 in the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $474.31 on Friday. The stock has a 50-day simple moving average of $462.89 and a 200 day simple moving average of $521.59. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $111.65 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95.

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

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's dividend payout ratio is currently 59.30%.

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.

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