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lockheed martin stock ratings and insider trading activity update
Wells Fargo & Company maintained an "equal weight" rating on Lockheed Martin, while Citigroup lowered its price target from $700 to $600, assigning a "buy" rating. Insider trading revealed significant sales, with total insider sales amounting to over $3 million in the last 90 days. Lockheed Martin's stock currently holds an average "Hold" rating, with a consensus target price of $539.53, and the company recently announced a quarterly dividend of $3.30 per share.
lockheed martin insider sales and institutional investments update
Lockheed Martin insiders have sold 7,133 shares valued at $3.16 million in the past ninety days, reducing their ownership to 0.17%. Institutional investors hold 74.19% of the company, with several acquiring new stakes recently. Analysts have downgraded the stock, with a current average price target of $544.20, reflecting a cautious outlook amid recent performance fluctuations.
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