Oppenheimer & Co. Inc. Has $15.40 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Oppenheimer & Co. Inc. lowered its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,687 shares of the aerospace company's stock after selling 4,430 shares during the period. Oppenheimer & Co. Inc.'s holdings in Lockheed Martin were worth $15,398,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the third quarter valued at $26,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at $35,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the 3rd quarter valued at $40,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at $42,000. Finally, Vestor Capital LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at $46,000. Institutional investors own 74.19% of the company's stock.

Insider Activity

In other news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction dated 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 approximately $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's 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 sale, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LMT shares. StockNews.com downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. UBS Group cut their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Morgan Stanley cut their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and cut their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $553.67.

Lockheed Martin Stock Up 0.8 %

Lockheed Martin stock traded up $3.73 during mid-day trading on Friday, hitting $450.19. 1,432,091 shares of the company's stock were exchanged, compared to its average volume of 1,574,859. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The stock has a market cap of $105.97 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The stock has a 50 day moving average of $465.79 and a two-hundred day moving average of $525.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its 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%. As a group, analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.93%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's payout ratio is 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.