Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,085 shares of the aerospace company's stock after buying an additional 1,319 shares during the period. Meridian Wealth Management LLC's holdings in Lockheed Martin were worth $2,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its holdings in shares of Lockheed Martin by 53,784.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after acquiring an additional 1,233,275 shares during the last quarter. Van ECK Associates Corp raised its position 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 during the period. Los Angeles Capital Management LLC lifted its stake 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 purchasing an additional 249,591 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Lockheed Martin by 8.5% during the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock valued at $1,797,437,000 after buying an additional 240,306 shares during the period. Finally, FMR LLC grew its stake 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. Hedge funds and other institutional investors own 74.19% of the company's stock.

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Insider Activity at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at $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 a total of 7,133 shares of company stock worth $3,155,916 in the last three months. Company insiders own 0.17% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on LMT. StockNews.com downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Citigroup lowered their price objective 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. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 29th. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. Finally, UBS Group decreased their target price on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lockheed Martin presently has a consensus rating of "Moderate Buy" and an average target price of $554.20.

Lockheed Martin Stock Up 2.8 %

NYSE LMT traded up $12.81 on Friday, hitting $474.31. The stock had a trading volume of 2,167,991 shares, compared to its average volume of 1,113,512. The business's fifty day moving average price is $463.18 and its 200 day moving average price is $522.42. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The stock has a market cap of $111.65 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.78%. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.

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.