Pacer Advisors Inc. Sells 6,963 Shares of Lockheed Martin Co. (NYSE:LMT)

Pacer Advisors Inc. decreased its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 25.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,614 shares of the aerospace company's stock after selling 6,963 shares during the period. Pacer Advisors Inc.'s holdings in Lockheed Martin were worth $10,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $26,000. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin during the second quarter valued at approximately $27,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin during the third quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in Lockheed Martin during the 3rd quarter valued at about $42,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LMT shares. Barclays decreased their price objective on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Susquehanna decreased their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research report on Wednesday. Citigroup cut their price target 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. Finally, StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $556.13.

Lockheed Martin Trading Down 0.7 %

NYSE LMT traded down $3.27 during trading on Wednesday, hitting $454.18. The company had a trading volume of 2,396,221 shares, compared to its average volume of 1,423,813. The company's fifty day moving average is $497.18 and its 200-day moving average is $537.55. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The company has a market cap of $107.66 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data 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 9.36% and a return on equity of 101.44%. On average, sell-side analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.91%. Lockheed Martin's dividend payout ratio (DPR) 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.