Lockheed Martin Co. (LMT) Holdings Cut by Central Bank & Trust Co.

Central Bank & Trust Co. lessened its position in Lockheed Martin Co. (NYSE:LMT) by 27.7% during the first quarter, Holdings Channel reports. The fund owned 272 shares of the aerospace company’s stock after selling 104 shares during the period. Central Bank & Trust Co.’s holdings in Lockheed Martin were worth $82,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LMT. Oregon Public Employees Retirement Fund grew its holdings in Lockheed Martin by 77,867.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,152,483 shares of the aerospace company’s stock worth $81,000 after acquiring an additional 21,125,353 shares during the last quarter. BlackRock Inc. grew its holdings in Lockheed Martin by 8.2% in the 4th quarter. BlackRock Inc. now owns 18,811,944 shares of the aerospace company’s stock worth $4,925,719,000 after acquiring an additional 1,426,889 shares during the last quarter. Geode Capital Management LLC grew its holdings in Lockheed Martin by 25.3% in the 4th quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock worth $894,874,000 after acquiring an additional 691,751 shares during the last quarter. California Public Employees Retirement System grew its holdings in Lockheed Martin by 40.6% in the 4th quarter. California Public Employees Retirement System now owns 1,294,842 shares of the aerospace company’s stock worth $339,041,000 after acquiring an additional 373,997 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Lockheed Martin by 47.7% in the 4th quarter. Bank of Montreal Can now owns 968,019 shares of the aerospace company’s stock worth $253,466,000 after purchasing an additional 312,488 shares during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Richard F. Ambrose sold 6,647 shares of Lockheed Martin stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total transaction of $2,003,006.98. Following the completion of the transaction, the executive vice president now directly owns 4,218 shares of the company’s stock, valued at approximately $1,271,052.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John Frank A. St sold 1,900 shares of Lockheed Martin stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $305.42, for a total transaction of $580,298.00. Following the transaction, the insider now directly owns 551 shares of the company’s stock, valued at $168,286.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,186 shares of company stock valued at $26,010,927. 0.35% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently commented on LMT shares. Zacks Investment Research cut shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 14th. Vertical Group raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Citigroup dropped their target price on shares of Lockheed Martin from $400.00 to $338.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Bank of America reaffirmed a “buy” rating and issued a $390.00 target price on shares of Lockheed Martin in a research report on Wednesday, January 30th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $297.00 target price on shares of Lockheed Martin in a research 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 assigned a strong buy rating to the company’s stock. Lockheed Martin currently has an average rating of “Buy” and an average target price of $351.88.

Shares of NYSE LMT opened at $330.12 on Thursday. Lockheed Martin Co. has a 1 year low of $241.18 and a 1 year high of $351.35. The stock has a market cap of $88.85 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. 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, April 23rd. The aerospace company reported $5.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $1.70. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The company had revenue of $14.34 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same period last year, the company posted $4.02 EPS. Lockheed Martin’s revenue was up 23.2% on a year-over-year basis. As a group, research analysts forecast that Lockheed Martin Co. will post 19.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 2.67%. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.30%.

ILLEGAL ACTIVITY NOTICE: “Lockheed Martin Co. (LMT) Holdings Cut by Central Bank & Trust Co.” was first reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.baseballdailydigest.com/news/2019/04/25/lockheed-martin-co-lmt-holdings-cut-by-central-bank-trust-co.html.

About Lockheed Martin

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.

Read More: Balanced Fund

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT).

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

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.