Osborne Partners Capital Management LLC Has $247,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

Osborne Partners Capital Management LLC decreased its position in shares of Lockheed Martin Co. (NYSE:LMTFree Report) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 546 shares of the aerospace company’s stock after selling 66 shares during the period. Osborne Partners Capital Management LLC’s holdings in Lockheed Martin were worth $247,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LMT. Moneta Group Investment Advisors LLC boosted its position in Lockheed Martin by 81,305.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,907,328 shares of the aerospace company’s stock valued at $927,896,000 after purchasing an additional 1,904,985 shares during the last quarter. Renaissance Technologies LLC boosted its position in Lockheed Martin by 586.8% during the first quarter. Renaissance Technologies LLC now owns 369,500 shares of the aerospace company’s stock valued at $163,097,000 after purchasing an additional 315,700 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after buying an additional 279,162 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock worth $2,320,030,000 after buying an additional 264,665 shares during the last quarter. Finally, Imprint Wealth LLC acquired a new stake in shares of Lockheed Martin in the second quarter worth about $21,499,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock traded up $2.00 during midday trading on Tuesday, reaching $454.79. 100,103 shares of the company’s stock traded hands, compared to its average volume of 1,150,783. The company has a 50-day simple moving average of $433.19 and a two-hundred day simple moving average of $439.30. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $508.10. The company has a market cap of $109.37 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 4.15 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.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its quarterly earnings data 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 firm had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $7.79 EPS. On average, analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a $3.15 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a yield of 2.77%. Lockheed Martin’s payout ratio is 45.74%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LMT shares. Citigroup reduced their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their target price on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Morgan Stanley decreased their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada decreased their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Finally, UBS Group decreased their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $491.92.

View Our Latest Research Report on Lockheed Martin

Insider Buying and Selling at Lockheed Martin

In other 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 transaction was disclosed in a document filed with the SEC, which is available through this link. In other 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s 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 have sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.14% of the company’s stock.

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.

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

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