5,464 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in Lockheed Martin Co. (NYSE:LMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,464 shares of the aerospace company's stock, valued at approximately $2,655,000.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its stake in shares of Lockheed Martin by 53,784.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after acquiring an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. grew its position in Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after buying an additional 1,132,461 shares during the period. Castlekeep Investment Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $526,587,000. Leigh Baldwin & CO. LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $451,985,000. Finally, Van ECK Associates Corp boosted its position in shares of Lockheed Martin by 1,239.6% in the fourth quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock worth $266,410,000 after purchasing an additional 507,312 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 1.5%

Shares of NYSE:LMT traded down $7.08 during trading on Wednesday, reaching $469.77. The stock had a trading volume of 908,676 shares, compared to its average volume of 1,296,698. The firm's 50-day simple moving average is $461.88 and its 200 day simple moving average is $475.78. The company has a market capitalization of $110.07 billion, a P/E ratio of 21.10, a PEG ratio of 2.07 and a beta of 0.29. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The company had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. As a group, research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research reports. UBS Group upped their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price on the stock in a research note on Wednesday, April 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $541.80.

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.