Pictet Asset Management Holding SA Has $13.64 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Pictet Asset Management Holding SA trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,072 shares of the aerospace company's stock after selling 1,440 shares during the period. Pictet Asset Management Holding SA's holdings in Lockheed Martin were worth $13,641,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Virtue Capital Management LLC grew its position in shares of Lockheed Martin by 112.8% during the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company's stock worth $1,315,000 after buying an additional 1,192 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Lockheed Martin by 51.7% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock worth $4,630,000 after acquiring an additional 3,247 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of Lockheed Martin by 2.2% in the 4th quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock worth $44,770,000 after purchasing an additional 2,011 shares during the last quarter. Brady Martz Wealth Solutions LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at about $1,266,000. Finally, World Investment Advisors LLC lifted its position in shares of 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 purchasing an additional 2,297 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on LMT shares. Morgan Stanley cut their price objective on 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. StockNews.com lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Tuesday. Citigroup decreased their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Finally, Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $539.53.

Lockheed Martin Stock Performance

Shares of LMT traded up $1.21 during trading hours on Thursday, reaching $454.08. 1,813,419 shares of the company's stock traded hands, compared to its average volume of 1,652,305. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The business's fifty day simple moving average is $453.52 and its two-hundred day simple moving average is $507.80. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a market capitalization of $106.52 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current 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 issued a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. Lockheed Martin's dividend payout ratio (DPR) is 59.30%.

Insider Activity at Lockheed Martin

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 transaction of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 over the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

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.