Yacktman Asset Management LP Sells 1,053 Shares of Lockheed Martin Co. (NYSE:LMT)

Yacktman Asset Management LP cut its stake in Lockheed Martin Co. (NYSE:LMT) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 332,152 shares of the aerospace company’s stock after selling 1,053 shares during the quarter. Lockheed Martin comprises about 1.4% of Yacktman Asset Management LP’s holdings, making the stock its 27th largest position. Yacktman Asset Management LP owned 0.14% of Lockheed Martin worth $150,545,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares during the period. Activest Wealth Management boosted its holdings in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares during the period. Milestone Investment Advisors LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at $33,000. Iron Horse Wealth Management LLC increased its holdings in shares of Lockheed Martin by 1,925.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 77 shares during the period. Finally, Providence Capital Advisors LLC bought a new stake in Lockheed Martin during the third quarter valued at $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 in the last 90 days. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday. The Goldman Sachs Group cut their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday. Morgan Stanley lowered their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Citigroup upped their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS Group lifted their price target on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Trading Down 0.6 %

LMT stock traded down $2.87 during midday trading on Friday, hitting $461.91. The company had a trading volume of 551,978 shares, compared to its average volume of 1,164,037. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50. The stock has a market cap of $110.83 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 4.20 and a beta of 0.48. The stock’s 50 day moving average price is $443.00 and its 200 day moving average price is $444.29.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $6.43 EPS. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.04 earnings per share for the current fiscal year.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.