Private Advisor Group LLC Buys 5,763 Shares of Lockheed Martin Co. (NYSE:LMT)

Private Advisor Group LLC raised its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 13.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,879 shares of the aerospace company's stock after buying an additional 5,763 shares during the period. Private Advisor Group LLC's holdings in Lockheed Martin were worth $22,607,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 27 shares during the period. Activest Wealth Management grew its stake in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company's stock worth $30,000 after purchasing an additional 60 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $33,000. Providence Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $35,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company's stock valued at $37,000 after buying an additional 77 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $0.87 during trading on Monday, reaching $462.78. 796,271 shares of the company traded hands, compared to its average volume of 1,149,090. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The firm has a 50 day simple moving average of $448.09 and a 200-day simple moving average of $445.50. Lockheed Martin Co. has a 52-week low of $393.77 and a 52-week high of $479.50. The stock has a market capitalization of $111.04 billion, a PE ratio of 16.93, a P/E/G ratio of 4.23 and a beta of 0.46.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to analysts' expectations of $16.04 billion. During the same quarter last year, the company posted $6.43 earnings per share. The firm's quarterly revenue was up 13.7% on a year-over-year basis. Equities research analysts anticipate that Lockheed Martin Co. will post 26.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be issued a dividend of $3.15 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.72%. Lockheed Martin's dividend payout ratio is currently 46.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LMT shares. UBS Group increased their price objective on Lockheed Martin from $482.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 24th. Wells Fargo & Company raised their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an "equal weight" rating in a research note on Thursday, April 25th. StockNews.com raised Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Lockheed Martin from $467.00 to $487.00 and gave the company a "hold" rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised Lockheed Martin from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $485.40.

Insiders Place Their Bets

In other news, insider Gregory M. Ulmer sold 6,204 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares of the company's stock, valued at approximately $5,434,718.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares of the company's stock, valued at $5,434,718.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the firm's 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.14% of the company's stock.

Lockheed Martin Company 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.

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