Public Employees Retirement Association of Colorado Sells 2,058 Shares of Lockheed Martin Co. (NYSE:LMT)

Public Employees Retirement Association of Colorado reduced its position in Lockheed Martin Co. (NYSE:LMT) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 319,600 shares of the aerospace company’s stock after selling 2,058 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.11% of Lockheed Martin worth $116,187,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in shares of Lockheed Martin by 0.5% in the 2nd quarter. Private Trust Co. NA now owns 5,385 shares of the aerospace company’s stock valued at $1,957,000 after purchasing an additional 28 shares in the last quarter. Independence Bank of Kentucky boosted its stake in shares of Lockheed Martin by 12.0% in the 2nd quarter. Independence Bank of Kentucky now owns 280 shares of the aerospace company’s stock valued at $102,000 after purchasing an additional 30 shares in the last quarter. Psagot Investment House Ltd. boosted its stake in shares of Lockheed Martin by 2.7% in the 1st quarter. Psagot Investment House Ltd. now owns 1,164 shares of the aerospace company’s stock valued at $349,000 after purchasing an additional 31 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Lockheed Martin by 4.0% in the 1st quarter. Ballentine Partners LLC now owns 833 shares of the aerospace company’s stock valued at $250,000 after purchasing an additional 32 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its stake in shares of Lockheed Martin by 5.4% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the aerospace company’s stock valued at $233,000 after purchasing an additional 33 shares in the last quarter. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on LMT shares. Barclays raised their price target on shares of Lockheed Martin from $340.00 to $370.00 and gave the company an “equal weight” rating in a research note on Thursday, May 16th. UBS Group lifted their target price on shares of Lockheed Martin from $385.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Robert W. Baird lifted their target price on shares of Lockheed Martin from $326.00 to $371.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Morgan Stanley lifted their target price on shares of Lockheed Martin from $324.00 to $356.00 and gave the stock an “equal weight” rating in a research report on Friday, June 14th. Finally, ValuEngine upgraded shares of Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $366.43.

In other news, SVP Maryanne Lavan sold 1,003 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $365.50, for a total value of $366,596.50. Following the transaction, the senior vice president now owns 1,478 shares in the company, valued at approximately $540,209. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Marillyn A. Hewson sold 19,500 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $369.14, for a total transaction of $7,198,230.00. Following the completion of the transaction, the chairman now owns 46,534 shares in the company, valued at approximately $17,177,560.76. The disclosure for this sale can be found here. Insiders sold a total of 22,503 shares of company stock worth $8,292,527 in the last 90 days. Corporate insiders own 0.35% of the company’s stock.

NYSE:LMT traded up $0.30 during mid-day trading on Tuesday, hitting $377.30. 26,693 shares of the company’s stock were exchanged, compared to its average volume of 1,237,155. The stock’s 50 day moving average is $365.90. The company has a debt-to-equity ratio of 4.36, a current ratio of 1.20 and a quick ratio of 0.96. Lockheed Martin Co. has a fifty-two week low of $241.18 and a fifty-two week high of $379.36. The company has a market cap of $106.47 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 2.50 and a beta of 0.97.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, topping the consensus estimate of $4.74 by $0.26. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. The business had revenue of $14.42 billion for the quarter, compared to the consensus estimate of $14.17 billion. During the same period last year, the company earned $4.31 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, analysts forecast that Lockheed Martin Co. will post 21.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $2.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.33%. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.30%.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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

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