Alterity Financial Group LLC Sells 69 Shares of Lockheed Martin Co. (NYSE:LMT)

Alterity Financial Group LLC cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,747 shares of the aerospace company’s stock after selling 69 shares during the quarter. Lockheed Martin comprises approximately 1.8% of Alterity Financial Group LLC’s holdings, making the stock its 13th largest position. Alterity Financial Group LLC’s holdings in Lockheed Martin were worth $1,245,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LMT. Lee Financial Co lifted its stake in shares of Lockheed Martin by 367.6% in the first quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock worth $210,000 after buying an additional 375 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of Lockheed Martin by 240.0% in the first quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock valued at $1,821,000 after purchasing an additional 2,911 shares during the last quarter. Sei Investments Co. increased its stake in shares of Lockheed Martin by 56.8% in the first quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock worth $9,995,000 after purchasing an additional 8,389 shares during the period. NewEdge Advisors LLC lifted its position in shares of Lockheed Martin by 18.4% during the 1st quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock worth $12,716,000 after purchasing an additional 4,472 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Lockheed Martin by 20.4% during the 1st quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after purchasing an additional 18,201 shares during the period. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 over the last quarter. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Trading Down 0.4 %

Shares of LMT stock opened at $454.90 on Friday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $508.10. The company has a market cap of $109.40 billion, a PE ratio of 16.51, a P/E/G ratio of 4.17 and a beta of 0.48. The stock’s fifty day moving average price is $433.47 and its two-hundred day moving average price is $438.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. During the same quarter in the previous year, the business earned $7.79 earnings per share. Lockheed Martin’s revenue was down .6% compared to the same quarter last year. Equities analysts predict that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Thursday, February 29th. Lockheed Martin’s dividend payout ratio is presently 45.74%.

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.