Lockheed Martin Co. (NYSE:LMT) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lowered its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,191 shares of the aerospace company's stock after selling 711 shares during the quarter. Lockheed Martin makes up approximately 0.7% of Jaffetilchin Investment Partners LLC's holdings, making the stock its 29th biggest holding. Jaffetilchin Investment Partners LLC's holdings in Lockheed Martin were worth $9,812,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Lockheed Martin by 51.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock valued at $4,630,000 after purchasing an additional 3,247 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in Lockheed Martin by 2.2% in the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock valued at $44,770,000 after acquiring an additional 2,011 shares during the last quarter. Brady Martz Wealth Solutions LLC purchased a new stake in Lockheed Martin during the fourth quarter valued at about $1,266,000. World Investment Advisors LLC increased its stake in Lockheed Martin by 55.1% during the third quarter. World Investment Advisors LLC now owns 6,468 shares of the aerospace company's stock worth $3,781,000 after acquiring an additional 2,297 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Lockheed Martin by 11.0% in the 4th quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock worth $24,906,000 after purchasing an additional 5,075 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the 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 sale, the vice president now directly owns 2,278 shares of the company's stock, 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 at this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction on 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 sale, the insider now owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. 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 in the last quarter. Insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on LMT. Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Susquehanna dropped their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Barclays cut their price objective on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has an average rating of "Hold" and a consensus price target of $536.60.

Lockheed Martin Stock Up 2.5 %

NYSE:LMT traded up $11.41 during mid-day trading on Friday, reaching $475.11. The stock had a trading volume of 1,451,768 shares, compared to its average volume of 1,239,635. The stock's 50 day simple moving average is $450.03 and its two-hundred day simple moving average is $500.71. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a market capitalization of $111.45 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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%. Equities analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given 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 was Monday, March 3rd. Lockheed Martin's dividend payout ratio is presently 59.30%.

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.