100 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Advantage Trust Co

Advantage Trust Co acquired a new position in Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 100 shares of the aerospace company’s stock, valued at approximately $45,000.

Several other institutional investors have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 27 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at $26,000. Activest Wealth Management grew its holdings 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 position in Lockheed Martin in the 3rd quarter worth about $33,000. Finally, Providence Capital Advisors LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at about $35,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock traded up $2.23 during trading on Thursday, hitting $468.39. 594,823 shares of the company traded hands, compared to its average volume of 1,132,238. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50. The stock’s 50-day simple moving average is $449.49 and its 200 day simple moving average is $445.80. The company has a market cap of $112.38 billion, a PE ratio of 17.14, a P/E/G ratio of 4.23 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion for 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 quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.43 earnings per share. On average, equities analysts expect that Lockheed Martin Co. will post 26.15 earnings per share 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. Shareholders of record on Monday, June 3rd will be given a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Analysts Set New Price Targets

LMT has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. The Goldman Sachs Group reduced their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Citigroup lifted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Morgan Stanley dropped their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $485.40.

Insider Buying and Selling

In related news, 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 transaction of $2,827,726.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO John Frank A. St sold 6,648 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders have sold 16,874 shares of company stock worth $7,249,946. 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.