Commonwealth Equity Services LLC Boosts Stake in Lockheed Martin Co. (NYSE:LMT)

Commonwealth Equity Services LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252,814 shares of the aerospace company's stock after buying an additional 4,908 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.11% of Lockheed Martin worth $122,852,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its stake in Lockheed Martin by 1.3% in the 3rd quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company's stock valued at $859,000 after buying an additional 19 shares in the last quarter. Vinva Investment Management Ltd grew its stake in Lockheed Martin by 3.0% in the 3rd quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company's stock valued at $382,000 after buying an additional 19 shares in the last quarter. Widmann Financial Services Inc. grew its stake in Lockheed Martin by 2.1% in the 3rd quarter. Widmann Financial Services Inc. now owns 968 shares of the aerospace company's stock valued at $566,000 after buying an additional 20 shares in the last quarter. CFS Investment Advisory Services LLC grew its stake in Lockheed Martin by 2.0% in the 4th quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock valued at $530,000 after buying an additional 21 shares in the last quarter. Finally, Crewe Advisors LLC grew its stake in Lockheed Martin by 4.5% in the 3rd quarter. Crewe Advisors LLC now owns 515 shares of the aerospace company's stock valued at $301,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

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Insiders Place Their Bets

In related news, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 over the last three months. Insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LMT. Wells Fargo & Company reiterated an "equal weight" rating on shares of Lockheed Martin in a research note on Monday. Barclays reduced their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. UBS Group reduced their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. StockNews.com lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Citigroup reduced their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $554.20.

Lockheed Martin Price Performance

NYSE:LMT traded up $6.40 during midday trading on Thursday, hitting $467.90. The company had a trading volume of 1,159,152 shares, compared to its average volume of 1,122,710. 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 company has a market capitalization of $110.14 billion, a PE ratio of 21.02, a P/E/G ratio of 2.07 and a beta of 0.43. The stock's fifty day moving average price is $461.68 and its 200-day moving average price is $519.43. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's dividend payout ratio is presently 59.30%.

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.