Cambridge Trust Co. Sells 42 Shares of Lockheed Martin Co. (NYSE:LMT)

Cambridge Trust Co. reduced its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,482 shares of the aerospace company’s stock after selling 42 shares during the quarter. Cambridge Trust Co.’s holdings in Lockheed Martin were worth $672,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LMT. Comerica Bank purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth about $280,000. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in 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 worth $26,000 after acquiring an additional 27 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Lockheed Martin during the 4th quarter valued at about $31,000. Activest Wealth Management increased its stake in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares in the last quarter. Finally, KB Financial Partners LLC bought a new stake in Lockheed Martin during the 1st quarter valued at about $35,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. UBS Group reduced their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada lowered their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Susquehanna dropped their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $493.36.

Lockheed Martin Trading Up 0.4 %

Lockheed Martin stock opened at $458.00 on Friday. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $495.83. The company has a market cap of $110.14 billion, a P/E ratio of 16.55, a P/E/G ratio of 4.16 and a beta of 0.48. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The business has a 50-day simple moving average of $439.25 and a two-hundred day simple moving average of $442.21.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter last year, the firm posted $7.79 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a $3.15 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.75%. Lockheed Martin’s dividend payout ratio (DPR) is 45.74%.

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.