Financial Advocates Investment Management lessened its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 50.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,374 shares of the aerospace company’s stock after selling 4,416 shares during the period. Financial Advocates Investment Management’s holdings in Lockheed Martin were worth $835,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its stake in Lockheed Martin by 77,867.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,152,483 shares of the aerospace company’s stock valued at $81,000 after purchasing an additional 21,125,353 shares in the last quarter. BlackRock Inc. increased its stake in Lockheed Martin by 8.2% during the 4th quarter. BlackRock Inc. now owns 18,811,944 shares of the aerospace company’s stock valued at $4,925,719,000 after purchasing an additional 1,426,889 shares in the last quarter. Capital International Investors increased its stake in Lockheed Martin by 47.7% during the 3rd quarter. Capital International Investors now owns 3,465,642 shares of the aerospace company’s stock valued at $1,198,974,000 after purchasing an additional 1,119,631 shares in the last quarter. Geode Capital Management LLC increased its stake in Lockheed Martin by 25.3% during the 4th quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock valued at $894,874,000 after purchasing an additional 691,751 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Lockheed Martin by 40.6% during the 4th quarter. California Public Employees Retirement System now owns 1,294,842 shares of the aerospace company’s stock valued at $339,041,000 after purchasing an additional 373,997 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

A number of analysts have commented on the stock. ValuEngine lowered shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. Morgan Stanley boosted their price target on shares of Lockheed Martin from $300.00 to $324.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 13th. Jefferies Financial Group restated a “hold” rating and set a $313.00 price target on shares of Lockheed Martin in a research note on Tuesday, February 5th. Bank of America restated a “buy” rating and set a $390.00 price target on shares of Lockheed Martin in a research note on Wednesday, January 30th. Finally, Credit Suisse Group restated a “hold” rating and set a $297.00 price target on shares of Lockheed Martin in a research note on Wednesday, January 23rd. 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. The stock has a consensus rating of “Buy” and an average price target of $350.00.

NYSE LMT opened at $293.95 on Thursday. Lockheed Martin Co. has a 1 year low of $241.18 and a 1 year 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. The firm has a market capitalization of $83.33 billion, a PE ratio of 16.51, a PEG ratio of 2.19 and a beta of 1.02.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $4.39. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.75 billion. During the same quarter in the prior year, the business posted ($2.25) EPS. The business’s revenue was up 4.1% compared to the same quarter last year. Analysts forecast that Lockheed Martin Co. will post 19.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a $2.20 dividend. The ex-dividend date is Thursday, February 28th. This represents a $8.80 annualized dividend and a dividend yield of 2.99%. Lockheed Martin’s payout ratio is 49.30%.

In other news, Chairman Marillyn A. Hewson sold 59,434 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $306.60, for a total value of $18,222,464.40. Following the completion of the sale, the chairman now owns 109,531 shares in the company, valued at approximately $33,582,204.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brian P. Colan sold 4,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $304.56, for a total transaction of $1,218,240.00. Following the transaction, the vice president now owns 2,489 shares of the company’s stock, valued at approximately $758,049.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,186 shares of company stock valued at $26,010,927. Company 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.

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

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