Zurich Insurance Group Ltd FI Lowers Holdings in Lockheed Martin Co. (NYSE:LMT)

Zurich Insurance Group Ltd FI trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 94.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,480 shares of the aerospace company's stock after selling 93,464 shares during the quarter. Zurich Insurance Group Ltd FI's holdings in Lockheed Martin were worth $2,663,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Annex Advisory Services LLC lifted its position in Lockheed Martin by 19.9% in the 4th quarter. Annex Advisory Services LLC now owns 483 shares of the aerospace company's stock valued at $235,000 after acquiring an additional 80 shares in the last quarter. LVW Advisors LLC raised its stake in shares of Lockheed Martin by 11.1% in the fourth quarter. LVW Advisors LLC now owns 1,230 shares of the aerospace company's stock worth $598,000 after purchasing an additional 123 shares during the last quarter. LaFleur & Godfrey LLC lifted its holdings in shares of Lockheed Martin by 18.0% during the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock valued at $562,000 after purchasing an additional 176 shares in the last quarter. Tudor Financial Inc. boosted its position in shares of Lockheed Martin by 13.7% during the fourth quarter. Tudor Financial Inc. now owns 1,084 shares of the aerospace company's stock valued at $527,000 after buying an additional 131 shares during the last quarter. Finally, Ballentine Partners LLC increased its holdings in Lockheed Martin by 2.8% in the 4th quarter. Ballentine Partners LLC now owns 3,876 shares of the aerospace company's stock worth $1,884,000 after buying an additional 104 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The shares were 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 in the company, valued at approximately $884,840. The trade was a 61.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 over the last ninety days. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Stock Up 0.5%

LMT stock opened at $475.20 on Wednesday. The business's 50-day moving average price is $461.58 and its 200-day moving average price is $478.57. The stock has a market cap of $111.34 billion, a P/E ratio of 21.35, a PEG ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95.

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

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.78%. Lockheed Martin's payout ratio is presently 57.02%.

Analyst Ratings Changes

A number of analysts have recently issued reports on LMT shares. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. UBS Group boosted their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a report on Wednesday, April 16th. Finally, Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $541.80.

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

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