Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC increased its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,300 shares of the aerospace company's stock after buying an additional 4,445 shares during the period. Foster Victor Wealth Advisors LLC's holdings in Lockheed Martin were worth $11,425,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LMT. CVA Family Office LLC increased its position in Lockheed Martin by 1.1% during the third quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company's stock worth $905,000 after purchasing an additional 17 shares during the last quarter. AllGen Financial Advisors Inc. increased its position in Lockheed Martin by 4.0% during the third quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company's stock worth $274,000 after purchasing an additional 18 shares during the last quarter. Salomon & Ludwin LLC increased its position in Lockheed Martin by 20.5% during the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company's stock worth $62,000 after purchasing an additional 18 shares during the last quarter. Sunburst Financial Group LLC increased its position in Lockheed Martin by 3.3% during the third quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company's stock worth $331,000 after purchasing an additional 18 shares during the last quarter. Finally, Quad Cities Investment Group LLC increased its position in Lockheed Martin by 1.2% during the third quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company's stock worth $919,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on LMT. Barclays dropped 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. Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective for the company. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating for the company in a research report on Wednesday. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $556.13.

Lockheed Martin Stock Down 0.7 %

NYSE LMT traded down $3.27 during trading hours on Wednesday, reaching $454.18. 2,396,221 shares of the company traded hands, compared to its average volume of 1,423,813. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $107.66 billion, a PE ratio of 16.44, a PEG ratio of 4.05 and a beta of 0.48. The company has a 50 day moving average of $497.18 and a two-hundred day moving average of $537.55.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. As a group, equities analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.91%. Lockheed Martin's dividend payout ratio (DPR) is 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.