Lockheed Martin Co. (NYSE:LMT) Shares Acquired by PDS Planning Inc

PDS Planning Inc raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,497 shares of the aerospace company’s stock after purchasing an additional 40 shares during the period. PDS Planning Inc’s holdings in Lockheed Martin were worth $728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kensington Investment Counsel LLC boosted its stake in Lockheed Martin by 5.0% during the 4th quarter. Kensington Investment Counsel LLC now owns 9,682 shares of the aerospace company’s stock valued at $4,705,000 after purchasing an additional 462 shares during the period. Mystic Asset Management Inc. boosted its stake in Lockheed Martin by 5.9% during the 4th quarter. Mystic Asset Management Inc. now owns 4,718 shares of the aerospace company’s stock valued at $2,293,000 after purchasing an additional 262 shares during the period. Flagship Wealth Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter valued at about $257,000. Cassady Schiller Wealth Management LLC boosted its stake in Lockheed Martin by 28.5% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 194 shares of the aerospace company’s stock valued at $94,000 after purchasing an additional 43 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new position in Lockheed Martin during the 4th quarter valued at about $1,414,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the sale, the insider now owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 over the last 90 days. 0.17% of the stock is owned by company insiders.

Lockheed Martin Stock Up 0.2 %

NYSE LMT opened at $467.32 on Tuesday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The company’s 50 day simple moving average is $461.40 and its 200 day simple moving average is $517.49. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95. The company has a market capitalization of $110.00 billion, a P/E ratio of 20.99, a PEG ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.82%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LMT. Susquehanna reduced their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. UBS Group dropped their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $554.20.

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.