Blue Fin Capital Inc. Cuts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Blue Fin Capital Inc. lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,059 shares of the aerospace company’s stock after selling 50 shares during the quarter. Blue Fin Capital Inc.’s holdings in Lockheed Martin were worth $3,431,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Lockheed Martin by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company’s stock worth $3,630,492,000 after purchasing an additional 1,132,461 shares during the period. Geode Capital Management LLC raised its holdings in Lockheed Martin by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company’s stock valued at $2,374,557,000 after buying an additional 59,597 shares during the period. Northern Trust Corp lifted its position in Lockheed Martin by 6.3% during the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company’s stock valued at $1,098,667,000 after buying an additional 134,662 shares in the last quarter. Invesco Ltd. grew its stake in Lockheed Martin by 17.5% during the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company’s stock worth $1,035,989,000 after buying an additional 318,007 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Lockheed Martin by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,743,757 shares of the aerospace company’s stock worth $847,361,000 after acquiring an additional 15,085 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Susquehanna reduced their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 3rd. Bank of America downgraded Lockheed Martin from a “buy” rating to a “neutral” rating and dropped their target price for the company from $685.00 to $485.00 in a report on Monday, March 24th. Finally, Royal Bank of Canada cut Lockheed Martin from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $541.80.

Insider Buying and Selling

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the firm’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 value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock worth $3,155,916 over the last quarter. 0.14% of the stock is owned by company insiders.

Lockheed Martin Trading Down 1.2%

NYSE:LMT opened at $470.35 on Thursday. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company has a market cap of $110.20 billion, a PE ratio of 21.13, a P/E/G ratio of 2.07 and a beta of 0.29. The business’s 50 day moving average is $461.64 and its two-hundred day moving average is $478.52.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin’s dividend payout ratio is presently 57.02%.

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.