Blue Trust Inc. Sells 1,052 Shares of Lockheed Martin Corporation (NYSE:LMT)

Blue Trust Inc. lowered its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 10.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,882 shares of the aerospace company's stock after selling 1,052 shares during the quarter. Blue Trust Inc.'s holdings in Lockheed Martin were worth $3,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in LMT. Millstone Evans Group LLC bought a new position in Lockheed Martin during the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin during the fourth quarter worth $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter valued at $35,000. Redwood Park Advisors LLC acquired a new stake in Lockheed Martin during the 4th quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Lockheed Martin in the 4th quarter worth about $42,000. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Jefferies Financial Group dropped their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a report on Wednesday, April 16th. Finally, Royal Bank Of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Trading Down 2.3%

NYSE:LMT traded down $11.07 during mid-day trading on Thursday, reaching $468.27. 1,865,340 shares of the company's stock traded hands, compared to its average volume of 1,341,252. The company has a 50 day moving average price of $471.66 and a 200-day moving average price of $469.27. The firm has a market capitalization of $109.72 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.67 and a beta of 0.29. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. Lockheed Martin Corporation has a 12-month low of $418.88 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.82%. Lockheed Martin's payout ratio is 57.02%.

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.