Dorsey & Whitney Trust CO LLC Sells 46 Shares of Lockheed Martin Co. (LMT)

Dorsey & Whitney Trust CO LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 914 shares of the aerospace company’s stock after selling 46 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Lockheed Martin were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Lederer & Associates Investment Counsel CA increased its position in shares of Lockheed Martin by 0.7% during the 4th quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock worth $1,348,000 after purchasing an additional 35 shares during the last quarter. Physicians Financial Services Inc. increased its holdings in shares of Lockheed Martin by 0.8% during the 4th quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock worth $1,256,000 after acquiring an additional 37 shares during the last quarter. Polaris Greystone Financial Group LLC boosted its stake in Lockheed Martin by 5.1% in the 4th quarter. Polaris Greystone Financial Group LLC now owns 911 shares of the aerospace company’s stock valued at $239,000 after purchasing an additional 44 shares during the period. SignalPoint Asset Management LLC boosted its stake in Lockheed Martin by 6.3% in the 4th quarter. SignalPoint Asset Management LLC now owns 776 shares of the aerospace company’s stock valued at $203,000 after purchasing an additional 46 shares during the period. Finally, Indiana Trust & Investment Management CO boosted its stake in Lockheed Martin by 5.7% in the 4th quarter. Indiana Trust & Investment Management CO now owns 872 shares of the aerospace company’s stock valued at $228,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 85.33% of the company’s stock.

Shares of NYSE:LMT opened at $304.42 on Thursday. The company has a market capitalization of $85.34 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.24 and a beta of 1.02. The company has a debt-to-equity ratio of 8.70, a quick ratio of 0.91 and a current ratio of 1.12. Lockheed Martin Co. has a 52-week low of $241.18 and a 52-week high of $363.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $4.39. The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.25) earnings per share. Equities research analysts anticipate that Lockheed Martin Co. will post 19.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a $2.20 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.89%. Lockheed Martin’s dividend payout ratio is presently 49.30%.

In related news, insider Michele A. Evans sold 7,690 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $298.78, for a total transaction of $2,297,618.20. Following the completion of the sale, the insider now directly owns 7,690 shares of the company’s stock, valued at $2,297,618.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard F. Ambrose sold 6,647 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total value of $2,003,006.98. Following the sale, the executive vice president now directly owns 4,218 shares of the company’s stock, valued at $1,271,052.12. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

A number of research firms have recently weighed in on LMT. Morgan Stanley upped their target price on Lockheed Martin from $300.00 to $324.00 and gave the company an “equal weight” rating in a research report on Wednesday. Jefferies Financial Group restated a “hold” rating and set a $313.00 price objective on shares of Lockheed Martin in a research report on Tuesday, February 5th. Bank of America restated a “buy” rating and set a $390.00 price objective on shares of Lockheed Martin in a research report on Wednesday, January 30th. ValuEngine raised Lockheed Martin from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $297.00 target price on shares of Lockheed Martin in a report on Wednesday, January 23rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $350.00.

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Lockheed Martin Company 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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