Welch Group LLC Boosts Stake in Lockheed Martin Corporation $LMT

Welch Group LLC boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,684 shares of the aerospace company’s stock after buying an additional 1,999 shares during the quarter. Lockheed Martin makes up about 2.5% of Welch Group LLC’s holdings, making the stock its 18th biggest position. Welch Group LLC’s holdings in Lockheed Martin were worth $64,175,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in Lockheed Martin by 74.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 5,986 shares of the aerospace company’s stock valued at $3,125,000 after buying an additional 2,545 shares in the last quarter. AE Wealth Management LLC lifted its stake in Lockheed Martin by 11.6% in the 4th quarter. AE Wealth Management LLC now owns 6,930 shares of the aerospace company’s stock valued at $3,352,000 after buying an additional 722 shares in the last quarter. Whittier Trust Co. lifted its stake in Lockheed Martin by 1.4% in the 4th quarter. Whittier Trust Co. now owns 6,741 shares of the aerospace company’s stock valued at $3,519,000 after buying an additional 94 shares in the last quarter. Argo Wealth Advisory LLC purchased a new stake in Lockheed Martin in the 4th quarter valued at approximately $2,385,000. Finally, Inman Jager Wealth Management LLC lifted its stake in Lockheed Martin by 7.3% in the 4th quarter. Inman Jager Wealth Management LLC now owns 3,930 shares of the aerospace company’s stock valued at $1,901,000 after buying an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group increased their price target on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. TD Cowen increased their price target on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Robert W. Baird increased their price target on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 22nd. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $654.00 price target on shares of Lockheed Martin in a research note on Friday, February 6th. Seven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $645.79.

Lockheed Martin Trading Down 0.6%

Shares of LMT opened at $607.25 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The firm has a market capitalization of $139.95 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 1.09 and a beta of 0.23. The stock’s fifty day simple moving average is $637.67 and its 200 day simple moving average is $550.59. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $7.67 earnings per share. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, March 2nd. Lockheed Martin’s dividend payout ratio (DPR) is 64.22%.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.