Snowden Capital Advisors LLC Lowers Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Snowden Capital Advisors LLC trimmed its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,332 shares of the aerospace company's stock after selling 3,212 shares during the period. Snowden Capital Advisors LLC's holdings in Lockheed Martin were worth $3,077,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Millstone Evans Group LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $32,000. Mizuho Securities Co. Ltd. acquired a new stake in Lockheed Martin during the fourth quarter worth about $34,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $35,000. Redwood Park Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Lockheed Martin during the fourth quarter worth about $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on LMT. Susquehanna cut their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. Citigroup cut their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research report on Wednesday, April 16th. Melius Research cut shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, UBS Group lifted their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. 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's stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Stock Up 0.5%

Shares of LMT stock traded up $2.40 during trading on Friday, reaching $467.54. The company's stock had a trading volume of 1,316,927 shares, compared to its average volume of 1,287,544. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The company has a market capitalization of $109.54 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 2.07 and a beta of 0.29. The stock's 50-day moving average price is $461.21 and its 200 day moving average price is $479.11. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95.

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

Lockheed Martin Announces Dividend

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

Insider Buying and Selling

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of the business'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 transaction of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company's stock, valued at $1,008,265.58. This represents a 23.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 over the last 90 days. 0.14% of the stock is owned by 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.