Envestnet Portfolio Solutions Inc. Has $12.61 Million Stake in Lockheed Martin Co. (NYSE:LMT)

Envestnet Portfolio Solutions Inc. boosted its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,828 shares of the aerospace company's stock after buying an additional 1,638 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Lockheed Martin were worth $12,613,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LMT. Vanguard Group Inc. raised its position in Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company's stock valued at $9,120,920,000 after acquiring an additional 279,162 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company's stock worth $2,302,388,000 after purchasing an additional 97,916 shares in the last quarter. Wellington Management Group LLP increased its position in Lockheed Martin by 4.0% during the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company's stock worth $1,291,816,000 after buying an additional 121,358 shares during the last quarter. Northern Trust Corp raised its holdings in Lockheed Martin by 4.0% during the third quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company's stock valued at $976,751,000 after buying an additional 91,109 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Lockheed Martin by 10,526.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company's stock worth $617,416,000 after buying an additional 1,349,409 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Performance

LMT traded up $0.49 on Friday, hitting $468.88. 482,564 shares of the stock traded hands, compared to its average volume of 1,090,317. The business has a fifty day moving average price of $451.15 and a two-hundred day moving average price of $446.16. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $112.50 billion, a PE ratio of 17.16, a P/E/G ratio of 4.29 and a beta of 0.46. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts' consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $6.43 EPS. On average, research analysts predict that Lockheed Martin Co. will post 26.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be paid a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.69%. Lockheed Martin's dividend payout ratio is currently 46.10%.

Insider Transactions at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the business's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Maryanne Lavan sold 4,022 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the business's stock in a transaction that occurred on 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. In the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. Corporate insiders own 0.17% of the company's stock.

Analyst Ratings Changes

LMT has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on Lockheed Martin from $380.00 to $377.00 and set a "sell" rating on the stock in a research note on Tuesday, April 23rd. Susquehanna decreased their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a "positive" rating for the company in a report on Wednesday, January 24th. Morgan Stanley dropped their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 24th. StockNews.com upgraded shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $485.40.

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.