UMB Bank n.a. Sells 254 Shares of Lockheed Martin Co. (NYSE:LMT)

UMB Bank n.a. trimmed its position in Lockheed Martin Co. (NYSE:LMTFree Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,720 shares of the aerospace company’s stock after selling 254 shares during the quarter. UMB Bank n.a.’s holdings in Lockheed Martin were worth $5,312,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after buying an additional 27 shares during the last quarter. Activest Wealth Management raised its stake in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the period. CGC Financial Services LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at $31,000. Coppell Advisory Solutions Corp. bought a new position in Lockheed Martin during the fourth quarter worth $31,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at $33,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on LMT. Susquehanna cut their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Morgan Stanley cut their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. UBS Group lowered their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Finally, Citigroup lowered their price objective on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $491.92.

Read Our Latest Stock Report on LMT

Insider Activity at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 over the last three months. 0.14% of the stock is owned by insiders.

Lockheed Martin Stock Performance

NYSE:LMT opened at $453.23 on Wednesday. The company has a market cap of $109.00 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 4.13 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $508.10. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The stock has a fifty day moving average price of $433.46 and a 200-day moving average price of $439.50.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. The business had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. Lockheed Martin’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.79 earnings per share. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a dividend of $3.15 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.78%. Lockheed Martin’s dividend payout ratio is 45.74%.

About Lockheed Martin

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMTFree Report).

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.