Mitsubishi UFJ Trust & Banking Corp Lowers Stock Position in Lockheed Martin Co. (NYSE:LMT)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 161,023 shares of the aerospace company’s stock after selling 1,215 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lockheed Martin were worth $78,248,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the 3rd quarter worth $26,000. Millstone Evans Group LLC bought a new position in Lockheed Martin in the fourth quarter worth about $32,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at about $35,000. Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at about $42,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $42,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and lowered their target price for the company from $685.00 to $485.00 in a research note on Monday. Royal Bank of Canada dropped their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Susquehanna reduced their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Citigroup dropped their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $544.20.

Lockheed Martin Price Performance

Shares of LMT opened at $442.63 on Wednesday. The company has a market capitalization of $104.19 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.07 and a beta of 0.43. The business’s 50-day moving average is $459.13 and its two-hundred day moving average is $512.63. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.98%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by company insiders.

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.