Appleton Partners Inc. MA Decreases Position in Lockheed Martin Co. (LMT)

Appleton Partners Inc. MA decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,327 shares of the aerospace company’s stock after selling 106 shares during the quarter. Lockheed Martin accounts for approximately 1.2% of Appleton Partners Inc. MA’s investment portfolio, making the stock its 20th largest holding. Appleton Partners Inc. MA’s holdings in Lockheed Martin were worth $8,803,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bremer Trust National Association purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $25,000. ERTS Wealth Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $26,000. Lake Point Wealth Management purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $26,000. Van ECK Associates Corp purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $29,000. Finally, Virtus ETF Advisers LLC purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $31,000. 78.31% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin stock opened at $314.26 on Monday. The company has a market capitalization of $88.80 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. Lockheed Martin Co. has a 12 month low of $241.18 and a 12 month high of $361.99. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $4.39. The firm 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 business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted ($2.25) earnings per share. As a group, equities analysts predict that Lockheed Martin Co. will post 19.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Thursday, February 28th. Lockheed Martin’s dividend payout ratio is presently 49.30%.

LMT has been the subject of several recent research reports. Jefferies Financial Group reiterated a “hold” rating and set a $313.00 price target on shares of Lockheed Martin in a research report on Tuesday, February 5th. Citigroup reduced their price target on Lockheed Martin from $400.00 to $338.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Vertical Group upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. ValuEngine cut Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Finally, Vertical Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 price objective for the company in a research report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Lockheed Martin presently has an average rating of “Buy” and an average target price of $350.00.

In other news, VP Brian P. Colan sold 4,000 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $304.56, for a total value of $1,218,240.00. Following the sale, the vice president now directly owns 2,489 shares of the company’s stock, valued at $758,049.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard F. Ambrose sold 6,647 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $301.34, for a total value of $2,003,006.98. Following the completion of the sale, the executive vice president now directly owns 4,218 shares in the company, valued at $1,271,052.12. The disclosure for this sale can be found here. Insiders sold 85,186 shares of company stock worth $26,010,927 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.

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

Further Reading: Dividend

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

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