Sabal Trust CO Reduces Position in Lockheed Martin Co. (NYSE:LMT)

Sabal Trust CO lessened its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 11.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 463 shares of the aerospace company’s stock after selling 62 shares during the period. Sabal Trust CO’s holdings in Lockheed Martin were worth $225,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin during the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin during the 3rd quarter worth approximately $40,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the 4th quarter worth approximately $35,000. Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin during the 3rd quarter worth approximately $42,000. Finally, Vestor Capital LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Susquehanna dropped their price objective 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. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Barclays dropped their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley dropped their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $553.67.

Lockheed Martin Stock Performance

NYSE:LMT opened at $441.56 on Thursday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a fifty day moving average of $467.23 and a two-hundred day moving average of $526.63. The stock has a market capitalization of $103.94 billion, a PE ratio of 19.84, a P/E/G ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

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.