Asset Planning Services Inc. LA ADV increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,515 shares of the aerospace company’s stock after buying an additional 200 shares during the period. Lockheed Martin accounts for approximately 3.8% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 5th biggest holding. Asset Planning Services Inc. LA ADV’s holdings in Lockheed Martin were worth $5,557,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bremer Trust National Association acquired a new position in Lockheed Martin during the 4th quarter worth about $25,000. ERTS Wealth Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth about $26,000. Lake Point Wealth Management acquired a new position in Lockheed Martin during the 4th quarter worth about $26,000. Van ECK Associates Corp acquired a new position in Lockheed Martin during the 4th quarter worth about $29,000. Finally, Ellis Investment Partners LLC acquired a new position in Lockheed Martin during the 1st quarter worth about $29,000. Institutional investors and hedge funds own 78.30% of the company’s stock.
Shares of NYSE:LMT opened at $341.35 on Friday. The stock has a market cap of $95.88 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 2.35 and a beta of 1.04. Lockheed Martin Co. has a 1-year low of $241.18 and a 1-year high of $351.35. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.17 and a quick ratio of 0.96.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be issued a dividend of $2.20 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $8.80 annualized dividend and a yield of 2.58%. Lockheed Martin’s dividend payout ratio is currently 49.30%.
Several brokerages recently issued reports on LMT. ValuEngine upgraded shares of Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Bank of America reiterated a “buy” rating and set a $390.00 price target on shares of Lockheed Martin in a research report on Wednesday, January 30th. Morgan Stanley upped their price target on shares of Lockheed Martin from $300.00 to $324.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 13th. Credit Suisse Group reissued a “hold” rating and set a $297.00 price objective on shares of Lockheed Martin in a report on Wednesday, January 23rd. Finally, Zacks Investment Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, January 14th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $352.31.
In related news, Director Ilene S. Gordon purchased 750 shares of the stock in a transaction dated Monday, February 25th. The stock was bought at an average cost of $306.04 per share, with a total value of $229,530.00. Following the purchase, the director now directly owns 750 shares in the company, valued at approximately $229,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marillyn A. Hewson sold 59,434 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $306.60, for a total value of $18,222,464.40. Following the completion of the sale, the chairman now directly owns 109,531 shares of the company’s stock, valued at $33,582,204.60. The disclosure for this sale can be found here. Insiders have sold a total of 72,949 shares of company stock valued at $22,403,743 over the last three months. Company insiders own 0.35% of the company’s stock.
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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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