Cambridge Trust Co. Sells 64 Shares of Lockheed Martin Co. (NYSE:LMT)

Cambridge Trust Co. decreased its holdings in Lockheed Martin Co. (NYSE:LMT – Get Rating) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,495 shares of the aerospace company’s stock after selling 64 shares during the period. Cambridge Trust Co.’s holdings in Lockheed Martin were worth $727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Lockheed Martin by 1.3% in the third quarter. Vanguard Group Inc. now owns 22,885,865 shares of the aerospace company’s stock worth $8,840,580,000 after buying an additional 289,110 shares in the last quarter. FMR LLC raised its stake in Lockheed Martin by 39.9% in the second quarter. FMR LLC now owns 5,966,076 shares of the aerospace company’s stock worth $2,565,175,000 after buying an additional 1,701,615 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Lockheed Martin by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock worth $2,320,030,000 after buying an additional 264,665 shares in the last quarter. Franklin Resources Inc. raised its stake in Lockheed Martin by 2.9% in the second quarter. Franklin Resources Inc. now owns 2,448,118 shares of the aerospace company’s stock worth $1,052,592,000 after buying an additional 69,906 shares in the last quarter. Finally, GQG Partners LLC raised its stake in Lockheed Martin by 18.0% in the second quarter. GQG Partners LLC now owns 2,040,934 shares of the aerospace company’s stock worth $877,886,000 after buying an additional 311,513 shares in the last quarter. Institutional investors own 75.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Vertical Research lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $491.00 price target on the stock. in a report on Friday, January 6th. Wells Fargo & Company lifted their price target on shares of Lockheed Martin from $417.00 to $422.00 and gave the stock an “underweight” rating in a report on Wednesday, January 25th. The Goldman Sachs Group lowered shares of Lockheed Martin from a “neutral” rating to a “sell” rating and cut their price target for the stock from $388.00 to $332.00 in a report on Friday, January 13th. Citigroup assumed coverage on shares of Lockheed Martin in a report on Thursday, December 8th. They issued a “buy” rating and a $546.00 price target on the stock. Finally, DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $523.00 price target on the stock in a report on Monday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $490.43.

Insider Activity at Lockheed Martin

In related news, EVP Timothy S. Cahill sold 2,534 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $479.44, for a total transaction of $1,214,900.96. Following the completion of the transaction, the executive vice president now directly owns 10,460 shares in the company, valued at $5,014,942.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John Donovan acquired 556 shares of the firm’s stock in a transaction on Wednesday, January 25th. The stock was acquired at an average price of $451.20 per share, for a total transaction of $250,867.20. Following the completion of the transaction, the director now owns 2,324 shares in the company, valued at approximately $1,048,588.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy S. Cahill sold 2,534 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $479.44, for a total transaction of $1,214,900.96. Following the completion of the transaction, the executive vice president now owns 10,460 shares of the company’s stock, valued at approximately $5,014,942.40. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Price Performance

Shares of LMT opened at $465.87 on Friday. The firm has a market capitalization of $118.94 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68. The company’s fifty day moving average price is $467.37 and its 200-day moving average price is $457.85. Lockheed Martin Co. has a 1-year low of $373.67 and a 1-year high of $498.95. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.32 and a quick ratio of 1.13.

Lockheed Martin (NYSE:LMT – Get Rating) last posted its earnings results on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.41 by $0.38. The company had revenue of $18.99 billion during the quarter, compared to the consensus estimate of $18.25 billion. Lockheed Martin had a net margin of 8.69% and a return on equity of 68.01%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $7.47 earnings per share. On average, equities research analysts predict that Lockheed Martin Co. will post 26.86 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Wednesday, March 1st will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.58%. Lockheed Martin’s dividend payout ratio is presently 55.27%.

Lockheed Martin Profile

(Get Rating)

Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.