Partnervest Advisory Services LLC Sells 72 Shares of Lockheed Martin Co. (LMT)

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Partnervest Advisory Services LLC reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,703 shares of the aerospace company’s stock after selling 72 shares during the period. Partnervest Advisory Services LLC’s holdings in Lockheed Martin were worth $446,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of LMT. Lederer & Associates Investment Counsel CA boosted its stake in shares of Lockheed Martin by 0.7% in the 4th quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock worth $1,348,000 after buying an additional 35 shares during the last quarter. Physicians Financial Services Inc. boosted its stake in shares of Lockheed Martin by 0.8% in the 4th quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock worth $1,256,000 after buying an additional 37 shares during the last quarter. Polaris Greystone Financial Group LLC boosted its stake in shares of Lockheed Martin by 5.1% in the 4th quarter. Polaris Greystone Financial Group LLC now owns 911 shares of the aerospace company’s stock worth $239,000 after buying an additional 44 shares during the last quarter. SignalPoint Asset Management LLC boosted its stake in shares of Lockheed Martin by 6.3% in the 4th quarter. SignalPoint Asset Management LLC now owns 776 shares of the aerospace company’s stock worth $203,000 after buying an additional 46 shares during the last quarter. Finally, Indiana Trust & Investment Management CO boosted its stake in shares of Lockheed Martin by 5.7% in the 4th quarter. Indiana Trust & Investment Management CO now owns 872 shares of the aerospace company’s stock worth $228,000 after buying an additional 47 shares during the last quarter. 85.33% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Michele A. Evans sold 7,690 shares of the stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $298.78, for a total transaction of $2,297,618.20. Following the completion of the sale, the insider now directly owns 7,690 shares in the company, valued at $2,297,618.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Richard F. Ambrose sold 6,647 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $301.34, for a total transaction of $2,003,006.98. Following the completion of the sale, the executive vice president now owns 4,218 shares of the company’s stock, valued at $1,271,052.12. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

A number of brokerages have recently weighed in on LMT. Jefferies Financial Group restated a “hold” rating and issued a $313.00 target price on shares of Lockheed Martin in a research note on Tuesday, February 5th. Zacks Investment Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 14th. Bank of America reiterated a “buy” rating and issued a $390.00 price objective on shares of Lockheed Martin in a research note on Wednesday, January 30th. ValuEngine downgraded Lockheed Martin from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $297.00 price objective on shares of Lockheed Martin in a research note on Wednesday, January 23rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $348.50.

Shares of LMT stock opened at $300.04 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 8.70. Lockheed Martin Co. has a 1 year low of $241.18 and a 1 year high of $363.00. The firm has a market cap of $85.34 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $4.39. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.75 billion. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.25) EPS. As a group, sell-side analysts expect that Lockheed Martin Co. will post 19.41 EPS for the current fiscal year.

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 $2.20 dividend. The ex-dividend date is Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a yield of 2.93%. Lockheed Martin’s dividend payout ratio is presently 49.30%.

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About Lockheed Martin

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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