Yardley Wealth Management LLC Invests $1.24 Million in Lockheed Martin Co. (NYSE:LMT)

Yardley Wealth Management LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 2,115 shares of the aerospace company's stock, valued at approximately $1,236,000. Lockheed Martin comprises about 0.7% of Yardley Wealth Management LLC's holdings, making the stock its 19th largest position.

Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in shares of Lockheed Martin by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock valued at $902,714,000 after buying an additional 31,545 shares during the period. International Assets Investment Management LLC lifted its holdings in Lockheed Martin by 60,592.0% in the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after acquiring an additional 1,556,609 shares during the period. Legal & General Group Plc boosted its position in shares of Lockheed Martin by 14.9% during the 2nd quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company's stock worth $646,828,000 after purchasing an additional 180,074 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Lockheed Martin by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,169,223 shares of the aerospace company's stock worth $546,144,000 after purchasing an additional 119,052 shares during the period. Finally, Wulff Hansen & CO. increased its holdings in shares of Lockheed Martin by 56,626.7% in the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock valued at $476,947,000 after purchasing an additional 1,019,281 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on LMT. Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. StockNews.com cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 23rd. Bank of America reissued a "buy" rating and issued a $635.00 target price on shares of Lockheed Martin in a report on Friday, August 30th. Morgan Stanley boosted their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an "equal weight" rating in a research report on Friday, August 9th. Finally, Melius upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 target price for the company in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $611.00.

Lockheed Martin Trading Up 0.4 %

Shares of NYSE LMT traded up $2.29 on Tuesday, reaching $533.25. 935,750 shares of the company traded hands, compared to its average volume of 1,063,896. The stock has a market capitalization of $126.40 billion, a PE ratio of 19.31, a P/E/G ratio of 4.37 and a beta of 0.49. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week 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 company has a 50 day moving average of $575.61 and a 200 day moving average of $525.71.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.77 earnings per share. On average, equities research analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a yield of 2.48%. Lockheed Martin's dividend payout ratio is currently 45.62%.

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.