Canada Pension Plan Investment Board Lowers Holdings in Lockheed Martin Co. (NYSE:LMT)

Canada Pension Plan Investment Board decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 341,416 shares of the aerospace company's stock after selling 88,243 shares during the quarter. Canada Pension Plan Investment Board owned about 0.15% of Lockheed Martin worth $165,908,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. CFS Investment Advisory Services LLC boosted its holdings in Lockheed Martin by 2.0% in the 4th quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock worth $530,000 after buying an additional 21 shares during the period. Wynn Capital LLC boosted its stake in shares of Lockheed Martin by 1.0% in the fourth quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company's stock worth $1,062,000 after acquiring an additional 22 shares during the period. PBMares Wealth Management LLC raised its stake in Lockheed Martin by 0.6% during the 4th quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock valued at $1,820,000 after purchasing an additional 22 shares during the period. Nvwm LLC lifted its holdings in shares of Lockheed Martin by 2.5% in the fourth quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock worth $441,000 after buying an additional 22 shares in the last quarter. Finally, Schear Investment Advisers LLC boosted its stake in Lockheed Martin by 2.0% during the fourth quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock valued at $557,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.8 %

Shares of Lockheed Martin stock traded up $3.51 on Tuesday, reaching $461.84. The stock had a trading volume of 1,086,979 shares, compared to its average volume of 1,673,009. The stock has a market capitalization of $108.33 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. 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 company has a 50 day moving average price of $452.57 and a 200 day moving average price of $494.72.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.86%. Lockheed Martin's payout ratio is 59.30%.

Insiders Place Their Bets

In related news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction that occurred 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the sale, the insider now owns 2,000 shares of the company's stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,133 shares of company stock valued at $3,155,916. Insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent research reports. Susquehanna decreased their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research note on Wednesday, January 29th. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Barclays dropped their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Citigroup lowered their price target on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Finally, UBS Group lowered their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $539.93.

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.