Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC lifted its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 57.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,958 shares of the aerospace company's stock after acquiring an additional 1,804 shares during the quarter. Arete Wealth Advisors LLC's holdings in Lockheed Martin were worth $2,406,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the 4th quarter valued at $35,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the 3rd quarter valued at $42,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Lockheed Martin in the fourth quarter worth $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 4.9 %

NYSE LMT traded down $22.06 during trading on Friday, hitting $432.72. The company's stock had a trading volume of 2,391,049 shares, compared to its average volume of 1,219,681. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. The company has a market cap of $101.50 billion, a PE ratio of 19.44, a P/E/G ratio of 2.07 and a beta of 0.39. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The business's 50 day simple moving average is $451.38 and its 200-day simple moving average is $506.46.

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Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Monday, March 3rd. Lockheed Martin's payout ratio is 59.30%.

Insider Buying and Selling

In other news, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares of the company's stock, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 in the last 90 days. Insiders own 0.17% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Lockheed Martin in a research report on Monday, March 10th. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Finally, Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $539.53.

About Lockheed Martin

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.