Bank of New York Mellon Corp Acquires 15,085 Shares of Lockheed Martin Co. (NYSE:LMT)

Bank of New York Mellon Corp raised its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,743,757 shares of the aerospace company's stock after buying an additional 15,085 shares during the quarter. Bank of New York Mellon Corp owned about 0.74% of Lockheed Martin worth $847,361,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LMT. Van ECK Associates Corp boosted its stake in Lockheed Martin by 1,239.6% in the 4th quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock worth $266,410,000 after purchasing an additional 507,312 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Lockheed Martin by 124.0% in the third quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company's stock worth $263,561,000 after buying an additional 249,591 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Lockheed Martin by 8.5% in the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock worth $1,797,437,000 after buying an additional 240,306 shares in the last quarter. FMR LLC grew its holdings in shares of Lockheed Martin by 6.6% during the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock valued at $1,981,088,000 after buying an additional 209,591 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $77,376,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

LMT traded down $6.90 during trading on Wednesday, hitting $441.56. The company's stock had a trading volume of 1,466,875 shares, compared to its average volume of 1,581,871. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The business's 50 day simple moving average is $468.06 and its 200-day simple moving average is $527.23. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a market cap of $103.94 billion, a PE ratio of 19.84, a P/E/G ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced 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 return on equity of 101.47% and a net margin of 7.51%. As a group, sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.99%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's dividend payout ratio is 59.30%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Morgan Stanley lowered their price target on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada reduced their price objective on Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Citigroup lowered their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Finally, Susquehanna reduced their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Moderate Buy" and an average price target of $553.67.

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.