Comprehensive Portfolio Management LLC Invests $316,000 in Lockheed Martin Co. (LMT)

Comprehensive Portfolio Management LLC purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,053 shares of the aerospace company’s stock, valued at approximately $316,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Man Group plc lifted its position in Lockheed Martin by 63.0% in the 3rd quarter. Man Group plc now owns 70,260 shares of the aerospace company’s stock worth $24,307,000 after buying an additional 27,160 shares during the last quarter. California Public Employees Retirement System lifted its position in Lockheed Martin by 40.6% in the 4th quarter. California Public Employees Retirement System now owns 1,294,842 shares of the aerospace company’s stock worth $339,041,000 after buying an additional 373,997 shares during the last quarter. PFG Advisors bought a new stake in Lockheed Martin in the 4th quarter worth approximately $886,000. Schulhoff & Co. Inc. lifted its position in Lockheed Martin by 1.6% in the 4th quarter. Schulhoff & Co. Inc. now owns 13,088 shares of the aerospace company’s stock worth $3,427,000 after buying an additional 205 shares during the last quarter. Finally, EFG Asset Management Americas Corp. lifted its position in Lockheed Martin by 70.7% in the 1st quarter. EFG Asset Management Americas Corp. now owns 3,059 shares of the aerospace company’s stock worth $918,000 after buying an additional 1,267 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

A number of analysts recently weighed in on the company. ValuEngine downgraded Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. Morgan Stanley boosted their target price on Lockheed Martin from $300.00 to $324.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $313.00 price target on shares of Lockheed Martin in a research note on Tuesday, February 5th. Bank of America reaffirmed a “buy” rating and issued a $390.00 price target on shares of Lockheed Martin in a research note on Wednesday, January 30th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $297.00 price target on shares of Lockheed Martin in a research note on Wednesday, January 23rd. One equities research 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 a consensus rating of “Buy” and an average target price of $350.00.



In other news, Chairman Marillyn A. Hewson sold 59,434 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the transaction, the chairman now directly owns 109,531 shares of the company’s stock, valued at $33,582,204.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian P. Colan sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $304.56, for a total value of $1,218,240.00. Following the transaction, the vice president now directly owns 2,489 shares in the company, valued at $758,049.84. The disclosure for this sale can be found here. Insiders have sold 85,186 shares of company stock worth $26,010,927 over the last three months. Insiders own 0.35% of the company’s stock.

Shares of Lockheed Martin stock opened at $308.71 on Tuesday. The company has a debt-to-equity ratio of 8.70, a quick ratio of 0.91 and a current ratio of 1.12. The company has a market capitalization of $87.40 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 2.26 and a beta of 1.01. Lockheed Martin Co. has a one year low of $241.18 and a one year high of $361.99.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $4.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $4.39. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.75 billion. During the same period in the previous year, the firm earned ($2.25) EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, equities analysts expect that Lockheed Martin Co. will post 19.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a dividend of $2.20 per share. The ex-dividend date was Thursday, February 28th. This represents a $8.80 annualized dividend and a dividend yield of 2.85%. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

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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. 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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