RFG Bristol Wealth Advisors LLC Takes Position in Lockheed Martin Co. (NYSE:LMT)

RFG Bristol Wealth Advisors LLC bought a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,827 shares of the aerospace company's stock, valued at approximately $888,000.

Several other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in Lockheed Martin by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after acquiring an additional 1,132,461 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Lockheed Martin by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock valued at $2,374,557,000 after purchasing an additional 59,597 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Lockheed Martin by 8.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock worth $1,797,437,000 after acquiring an additional 240,306 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Lockheed Martin by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,743,757 shares of the aerospace company's stock worth $847,361,000 after purchasing an additional 15,085 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in Lockheed Martin by 53,784.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock valued at $600,412,000 after acquiring an additional 1,233,275 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock valued at $3,155,916 in the last three months. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Susquehanna cut their target price on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research note on Wednesday, January 29th. Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and cut their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Citigroup dropped 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 report on Tuesday, January 21st. Finally, Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $539.53.

Lockheed Martin Stock Performance

Shares of LMT stock traded up $4.28 during mid-day trading on Wednesday, reaching $452.92. The stock had a trading volume of 1,268,982 shares, compared to its average volume of 1,211,514. The firm has a market cap of $106.61 billion, a PE ratio of 20.35, a P/E/G ratio of 2.07 and a beta of 0.43. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The firm's 50 day simple moving average is $453.52 and its 200 day simple moving average is $507.80.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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%. On average, analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were given a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.91%. Lockheed Martin's dividend payout ratio (DPR) is presently 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.