Sage Investment Advisers LLC Sells 310 Shares of Lockheed Martin Co. (NYSE:LMT)

Sage Investment Advisers LLC lessened its position in Lockheed Martin Co. (NYSE:LMT) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,085 shares of the aerospace company’s stock after selling 310 shares during the quarter. Lockheed Martin makes up about 2.2% of Sage Investment Advisers LLC’s investment portfolio, making the stock its 16th largest holding. Sage Investment Advisers LLC’s holdings in Lockheed Martin were worth $1,851,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. Activest Wealth Management raised its position in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the period. Milestone Investment Advisors LLC bought a new position in Lockheed Martin in the 3rd quarter valued at $33,000. Providence Capital Advisors LLC purchased a new position in Lockheed Martin in the 3rd quarter worth about $35,000. Finally, Iron Horse Wealth Management LLC raised its position in Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 77 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Susquehanna lowered their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Morgan Stanley decreased their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Wells Fargo & Company boosted their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Royal Bank of Canada lowered their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Finally, Citigroup lifted their price objective on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $485.40.

Insider Activity at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred on 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 90 days. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Down 0.1 %

Shares of LMT traded down $0.52 during mid-day trading on Wednesday, hitting $466.16. 598,839 shares of the company’s stock were exchanged, compared to its average volume of 1,138,239. The firm has a fifty day moving average of $448.81 and a two-hundred day moving average of $445.66. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50. The stock has a market cap of $111.85 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 4.23 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business posted $6.43 earnings per share. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a dividend of $3.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.70%. Lockheed Martin’s payout ratio is currently 46.10%.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.