Weatherly Asset Management L. P. Has $6.72 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Weatherly Asset Management L. P. trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,825 shares of the aerospace company’s stock after selling 739 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Lockheed Martin were worth $6,719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. International Assets Investment Management LLC boosted its holdings in Lockheed Martin by 10,526.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after buying an additional 1,349,409 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after buying an additional 279,162 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Lockheed Martin by 28.5% during the third quarter. Envestnet Asset Management Inc. now owns 707,696 shares of the aerospace company’s stock worth $289,419,000 after buying an additional 156,842 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Lockheed Martin by 4.0% during the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock worth $1,291,816,000 after buying an additional 121,358 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Lockheed Martin by 32.4% during the third quarter. AQR Capital Management LLC now owns 449,167 shares of the aerospace company’s stock worth $183,691,000 after buying an additional 110,021 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a legal 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 the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 0.14% of the stock is currently owned by insiders.

Lockheed Martin Stock Down 0.3 %

Shares of NYSE:LMT traded down $1.34 during trading on Tuesday, hitting $459.99. 1,789,251 shares of the company were exchanged, compared to its average volume of 1,176,603. The stock has a market cap of $110.62 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 4.23 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $483.53. The firm has a fifty day moving average price of $440.67 and a two-hundred day moving average price of $443.62. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LMT. Susquehanna reduced their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. UBS Group cut their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. The Goldman Sachs Group cut their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday. Royal Bank of Canada cut their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Finally, Citigroup cut their price objective on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $475.80.

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.