Lockheed Martin Co. (NYSE:LMT) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. cut its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,750 shares of the aerospace company's stock after selling 3,883 shares during the period. Scotia Capital Inc.'s holdings in Lockheed Martin were worth $8,140,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. CFS Investment Advisory Services LLC grew its stake in shares of Lockheed Martin by 2.0% during the fourth quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock valued at $530,000 after buying an additional 21 shares during the last quarter. Wynn Capital LLC grew its position in Lockheed Martin by 1.0% in the 4th quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company's stock valued at $1,062,000 after acquiring an additional 22 shares during the last quarter. PBMares Wealth Management LLC increased its stake in Lockheed Martin by 0.6% in the fourth quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock worth $1,820,000 after purchasing an additional 22 shares during the period. Nvwm LLC lifted its position in shares of Lockheed Martin by 2.5% during the fourth quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock worth $441,000 after purchasing an additional 22 shares during the last quarter. Finally, Schear Investment Advisers LLC boosted its stake in shares of Lockheed Martin by 2.0% during the fourth quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock valued at $557,000 after purchasing an additional 22 shares during the period. 74.19% of the stock is currently owned by institutional investors.

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Insider Activity

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin 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 in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction 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 sale, the insider now owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company's stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $11.41 during midday trading on Friday, hitting $475.11. The company had a trading volume of 1,451,768 shares, compared to its average volume of 1,239,680. The company has a fifty day simple moving average of $450.03 and a 200 day simple moving average of $500.71. The stock has a market cap of $111.45 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.07 and a beta of 0.39. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95.

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

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a dividend of $3.30 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.78%. Lockheed Martin's payout ratio is presently 59.30%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley reduced their price target 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. Susquehanna reduced 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, January 29th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Wells Fargo & Company decreased their target price on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Hold" and an average price target of $536.60.

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.