MML Investors Services LLC Has $40.13 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

MML Investors Services LLC decreased its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,572 shares of the aerospace company's stock after selling 17,495 shares during the period. MML Investors Services LLC's holdings in Lockheed Martin were worth $40,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in Lockheed Martin in the fourth quarter valued at about $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $35,000. Redwood Park Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin during the 4th quarter worth approximately $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.7 %

Shares of NYSE:LMT traded up $3.35 during midday trading on Tuesday, reaching $461.68. The company had a trading volume of 2,856,026 shares, compared to its average volume of 1,250,314. The business's 50 day moving average price is $453.12 and its 200 day moving average price is $494.49. 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 stock has a market cap of $108.30 billion, a PE ratio of 20.74, a P/E/G ratio of 2.07 and a beta of 0.39.

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

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 annualized dividend and a dividend yield of 2.86%. Lockheed Martin's dividend payout ratio is presently 59.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LMT shares. Wells Fargo & Company reduced their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Susquehanna reduced their target price on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday, January 29th. UBS Group lowered their price target on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price objective for the company from $685.00 to $485.00 in a report on Monday, March 24th. Finally, Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $539.93.

Insider Transactions at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the insider now directly owns 2,000 shares of the company's stock, valued at $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 in the last ninety days. Insiders own 0.14% of the company's stock.

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.