Appleton Partners Inc. MA trimmed its position in Lockheed Martin Co. (NYSE:LMT – Free Report) by 50.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,830 shares of the aerospace company’s stock after selling 18,417 shares during the period. Appleton Partners Inc. MA’s holdings in Lockheed Martin were worth $7,292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. grew its position in Lockheed Martin by 100.0% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 30 shares during the last quarter. Comerica Bank purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth $280,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $31,000. CGC Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth $31,000. Finally, Cascade Investment Advisors Inc. purchased a new stake in shares of Lockheed Martin during the 1st quarter worth $35,000. 74.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on LMT shares. UBS Group started coverage on shares of Lockheed Martin in a research report on Tuesday, October 10th. They set a “neutral” rating and a $470.00 target price on the stock. Jefferies Financial Group decreased their target price on shares of Lockheed Martin from $505.00 to $455.00 and set a “hold” rating on the stock in a research report on Wednesday, October 4th. Morgan Stanley decreased their target price on shares of Lockheed Martin from $532.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Wells Fargo & Company raised Lockheed Martin from an “underweight” rating to an “equal weight” rating and set a $440.00 price target for the company in a research note on Monday, September 18th. Finally, Citigroup cut their price target on Lockheed Martin from $555.00 to $540.00 and set a “buy” rating for the company in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $484.07.

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Lockheed Martin Price Performance

NYSE:LMT opened at $451.19 on Thursday. The firm has a market cap of $111.94 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.93 and a beta of 0.57. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 1.86. The company’s 50-day moving average is $444.49 and its two-hundred day moving average is $445.48. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $508.10.

Lockheed Martin (NYSE:LMT – Get Free Report) last released its earnings results on Tuesday, October 17th. The aerospace company reported $6.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.67 by $0.10. The company had revenue of $16.88 billion for the quarter, compared to analyst estimates of $16.73 billion. Lockheed Martin had a net margin of 10.29% and a return on equity of 75.46%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $6.87 EPS. Research analysts expect that Lockheed Martin Co. will post 27.19 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be issued a dividend of $3.15 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.00. This represents a $12.60 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, November 30th. Lockheed Martin’s dividend payout ratio is presently 46.04%.

Lockheed Martin Profile (Free Report)

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, Rotary and Mission Systems, and Space.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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Original: MarketBeat News Feed: Appleton Partners Inc. MA Lowers Holdings in Lockheed Martin Co. (NYSE:LMT)