Mackenzie Financial Corp Buys 12,280 Shares of Lockheed Martin Co. (NYSE:LMT)

Mackenzie Financial Corp boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,069 shares of the aerospace company’s stock after acquiring an additional 12,280 shares during the period. Mackenzie Financial Corp’s holdings in Lockheed Martin were worth $37,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bison Wealth LLC raised its position in shares of Lockheed Martin by 0.7% in the 4th quarter. Bison Wealth LLC now owns 4,045 shares of the aerospace company’s stock valued at $1,834,000 after purchasing an additional 28 shares during the last quarter. Syntax Research Inc. raised its position in Lockheed Martin by 2.8% during the 4th quarter. Syntax Research Inc. now owns 1,008 shares of the aerospace company’s stock worth $457,000 after buying an additional 27 shares during the last quarter. Dakota Wealth Management raised its position in Lockheed Martin by 6.7% during the 4th quarter. Dakota Wealth Management now owns 5,586 shares of the aerospace company’s stock worth $2,532,000 after buying an additional 350 shares during the last quarter. Cullen Investment Group LTD. purchased a new position in Lockheed Martin during the 4th quarter worth approximately $385,000. Finally, MBM Wealth Consultants LLC raised its position in Lockheed Martin by 11.4% during the 4th quarter. MBM Wealth Consultants LLC now owns 2,417 shares of the aerospace company’s stock worth $1,034,000 after buying an additional 248 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent research reports. Susquehanna reduced their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $475.00 to $518.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $493.36.

Lockheed Martin Stock Up 0.4 %

NYSE LMT opened at $456.05 on Thursday. The firm has a market cap of $109.68 billion, a PE ratio of 16.55, a P/E/G ratio of 4.14 and a beta of 0.48. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The business’s fifty day simple moving average is $438.66 and its 200-day simple moving average is $442.12. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $508.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $17.96 billion. During the same quarter in the previous year, the business earned $7.79 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Thursday, February 29th. Lockheed Martin’s dividend payout ratio is presently 45.74%.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is owned by corporate insiders.

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.