Wealthcare Advisory Partners LLC Boosts Position in Lockheed Martin Co. (LMT)

Wealthcare Advisory Partners LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,832 shares of the aerospace company’s stock after acquiring an additional 38 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Lockheed Martin were worth $742,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Victory Capital Management Inc. raised its position in shares of Lockheed Martin by 12.8% in the third quarter. Victory Capital Management Inc. now owns 5,849 shares of the aerospace company’s stock valued at $2,024,000 after buying an additional 664 shares in the last quarter. Blue Fin Capital Inc. raised its position in Lockheed Martin by 4.8% during the third quarter. Blue Fin Capital Inc. now owns 5,307 shares of the aerospace company’s stock valued at $1,836,000 after purchasing an additional 241 shares in the last quarter. FMR LLC raised its position in Lockheed Martin by 13.7% during the third quarter. FMR LLC now owns 2,656,966 shares of the aerospace company’s stock valued at $919,205,000 after purchasing an additional 319,488 shares in the last quarter. Crawford Investment Counsel Inc. raised its position in Lockheed Martin by 22.3% during the third quarter. Crawford Investment Counsel Inc. now owns 1,856 shares of the aerospace company’s stock valued at $642,000 after purchasing an additional 339 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Lockheed Martin by 357.8% during the third quarter. Canada Pension Plan Investment Board now owns 134,861 shares of the aerospace company’s stock valued at $46,657,000 after purchasing an additional 105,400 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:LMT opened at $294.01 on Monday. The firm has a market cap of $83.08 billion, a PE ratio of 16.47, a P/E/G ratio of 2.18 and a beta of 1.02. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91. Lockheed Martin Co. has a 52-week low of $241.18 and a 52-week high of $361.99.



Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $4.39. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.75 billion. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.25) earnings per share. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 19.42 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a dividend of $2.20 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $8.80 annualized dividend and a dividend yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

In other news, VP Brian P. Colan sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $304.56, for a total transaction of $1,218,240.00. Following the completion of the transaction, the vice president now directly owns 2,489 shares in the company, valued at $758,049.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard F. Ambrose sold 6,647 shares of the company’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $301.34, for a total transaction of $2,003,006.98. Following the transaction, the executive vice president now owns 4,218 shares of the company’s stock, valued at $1,271,052.12. The disclosure for this sale can be found here. Insiders have sold 85,186 shares of company stock valued at $26,010,927 over the last quarter. Company insiders own 0.35% of the company’s stock.

LMT has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of Lockheed Martin from $400.00 to $338.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Vertical Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 price objective for the company in a research report on Thursday, January 10th. Vertical Group upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Robert W. Baird restated a “buy” rating and set a $326.00 price objective on shares of Lockheed Martin in a research report on Friday, December 21st. Finally, Bank of America restated a “buy” rating and set a $390.00 price objective on shares of Lockheed Martin in a research report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $350.00.

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Lockheed Martin 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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