Lockheed Martin Co. (NYSE:LMT) Shares Bought by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. increased its stake in Lockheed Martin Co. (NYSE:LMT) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,138 shares of the aerospace company’s stock after acquiring an additional 968 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Lockheed Martin were worth $6,870,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at $26,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin in the third quarter valued at $32,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin during the second quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the third quarter worth about $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter worth about $42,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LMT shares. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Susquehanna reduced their price objective on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $584.40.

Lockheed Martin Price Performance

LMT stock opened at $490.60 on Friday. The stock’s 50 day moving average is $506.28 and its two-hundred day moving average is $534.89. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a market capitalization of $116.29 billion, a PE ratio of 17.76, a P/E/G ratio of 3.76 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.77 earnings per share. Analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

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