Mirae Asset Global Investments Co. Ltd. Sells 5,492 Shares of Lockheed Martin Co. (NYSE:LMT)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,912 shares of the aerospace company’s stock after selling 5,492 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Lockheed Martin were worth $26,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Triumph Capital Management raised its holdings in shares of Lockheed Martin by 3.1% during the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after acquiring an additional 22 shares during the period. Abbrea Capital LLC boosted its holdings in shares of Lockheed Martin by 1.7% during the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock worth $571,000 after buying an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Lockheed Martin by 1.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after buying an additional 23 shares during the period. WBH Advisory Inc. boosted its holdings in shares of Lockheed Martin by 1.6% during the 3rd quarter. WBH Advisory Inc. now owns 1,502 shares of the aerospace company’s stock worth $614,000 after buying an additional 24 shares during the period. Finally, Elevated Capital Advisors LLC boosted its holdings in Lockheed Martin by 3.5% in the 3rd quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock valued at $290,000 after purchasing an additional 24 shares during the period. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LMT shares. UBS Group cut their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Morgan Stanley decreased their price target 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. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Citigroup reduced their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Finally, Susquehanna reduced their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $491.92.

Lockheed Martin Stock Down 0.7 %

Shares of Lockheed Martin stock opened at $452.40 on Tuesday. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10. The company has a market cap of $108.80 billion, a P/E ratio of 16.42, a PEG ratio of 4.15 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The company’s fifty day simple moving average is $435.25 and its two-hundred day simple moving average is $440.28.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results 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. The company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. Lockheed Martin’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.79 EPS. Research analysts anticipate that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were issued a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s dividend payout ratio is 45.74%.

Insider Buying and Selling

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

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.