Lake Street Advisors Group LLC Has $3.29 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Lake Street Advisors Group LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 84.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,778 shares of the aerospace company's stock after acquiring an additional 3,112 shares during the quarter. Lake Street Advisors Group LLC's holdings in Lockheed Martin were worth $3,294,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LMT. Geode Capital Management LLC raised its stake in shares of Lockheed Martin by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company's stock valued at $2,816,898,000 after acquiring an additional 83,997 shares during the period. FMR LLC raised its stake in shares of Lockheed Martin by 6.6% in the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock valued at $1,981,088,000 after acquiring an additional 209,591 shares during the period. Wellington Management Group LLP raised its stake in shares of Lockheed Martin by 8.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock valued at $1,797,437,000 after acquiring an additional 240,306 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Lockheed Martin by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,743,757 shares of the aerospace company's stock valued at $847,361,000 after acquiring an additional 15,085 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Lockheed Martin by 2.1% in the 3rd quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company's stock valued at $382,498,000 after acquiring an additional 13,253 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LMT shares. StockNews.com downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Citigroup dropped their price target 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. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $497.00 to $468.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, Susquehanna dropped their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research note on Wednesday, January 29th. One equities 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $553.67.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded down $6.90 during midday 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 1-year low of $419.70 and a 1-year high of $618.95. The firm's fifty day moving average price is $468.06 and its 200-day moving average price is $527.23. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a market cap of $103.94 billion, a P/E 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 issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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%. On average, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's dividend payout ratio is currently 59.30%.

Lockheed Martin 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.