Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 197,593 shares of the aerospace company's stock after purchasing an additional 35,416 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.08% of Lockheed Martin worth $96,018,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. NorthCrest Asset Manangement LLC increased its position in Lockheed Martin by 4.6% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 60,855 shares of the aerospace company's stock worth $29,572,000 after purchasing an additional 2,666 shares during the period. Tableaux LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $882,000. Centaurus Financial Inc. grew its holdings in Lockheed Martin by 79.8% during the fourth quarter. Centaurus Financial Inc. now owns 2,435 shares of the aerospace company's stock worth $1,183,000 after acquiring an additional 1,081 shares during the period. Wealthedge Investment Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter worth $265,000. Finally, Old North State Trust LLC raised its position in Lockheed Martin by 17.9% in the fourth quarter. Old North State Trust LLC now owns 878 shares of the aerospace company's stock worth $427,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of NYSE LMT traded down $7.08 during trading on Wednesday, reaching $469.77. The company had a trading volume of 908,676 shares, compared to its average volume of 1,296,697. 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 twelve month low of $418.88 and a twelve month high of $618.95. The stock has a 50-day moving average price of $462.47 and a two-hundred day moving average price of $475.74. The stock has a market capitalization of $110.07 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29.

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

Lockheed Martin Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on LMT. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Jefferies Financial Group reduced their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Wall Street Zen lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Susquehanna reduced their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.