Sanibel Captiva Trust Company Inc. Decreases Position in Lockheed Martin Co. (NYSE:LMT)

Sanibel Captiva Trust Company Inc. reduced its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,613 shares of the aerospace company's stock after selling 525 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Lockheed Martin were worth $6,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after purchasing an additional 1,986,600 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock valued at $600,412,000 after buying an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Lockheed Martin by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after buying an additional 1,132,461 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter worth $526,587,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth about $451,985,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group raised their price target on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a research report on Wednesday, April 23rd. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Stock Performance

Lockheed Martin stock traded down $19.70 during midday trading on Wednesday, hitting $457.20. 3,614,624 shares of the company were exchanged, compared to its average volume of 1,311,412. The business has a fifty day simple moving average of $468.58 and a two-hundred day simple moving average of $471.13. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a market capitalization of $107.12 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a fifty-two week low of $418.88 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The business had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. On average, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 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.