Hsbc Holdings PLC Lowers Stake in Lockheed Martin Co. (NYSE:LMT)

Hsbc Holdings PLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,876 shares of the aerospace company’s stock after selling 7,133 shares during the period. Hsbc Holdings PLC owned about 0.07% of Lockheed Martin worth $81,298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of LMT. Proficio Capital Partners LLC lifted its position in shares of Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company’s stock valued at $600,412,000 after buying an additional 1,233,275 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company’s stock valued at $3,630,492,000 after purchasing an additional 1,132,461 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Lockheed Martin by 1,239.6% in the fourth quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company’s stock valued at $266,410,000 after purchasing an additional 507,312 shares during the period. Capital Research Global Investors purchased a new stake in shares of Lockheed Martin during the fourth quarter worth about $229,987,000. Finally, Demars Financial Group LLC raised its position in shares of Lockheed Martin by 47,002.5% during the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company’s stock worth $210,579,000 after purchasing an additional 432,423 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.3 %

Shares of NYSE LMT opened at $463.66 on Thursday. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The company has a market capitalization of $108.76 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.07 and a beta of 0.39. The company has a 50 day simple moving average of $453.93 and a 200-day simple moving average of $494.28. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

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

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 57.02%.

Insider Buying and Selling at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated 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 transaction, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 over the last three months. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LMT shares. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird raised shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price on the stock in a research note on Wednesday. Finally, Royal Bank of Canada cut shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $544.79.

Lockheed Martin Company 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.