PFS Investments Inc. Purchases 8,005 Shares of Lockheed Martin Co. (NYSE:LMT)

PFS Investments Inc. increased its position in Lockheed Martin Co. (NYSE:LMTGet Rating) by 18.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,986 shares of the aerospace company’s stock after purchasing an additional 8,005 shares during the quarter. PFS Investments Inc.’s holdings in Lockheed Martin were worth $22,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Lockheed Martin by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 22,579,851 shares of the aerospace company’s stock valued at $9,966,746,000 after acquiring an additional 1,727,343 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Lockheed Martin by 1.4% during the 1st quarter. BlackRock Inc. now owns 17,800,565 shares of the aerospace company’s stock valued at $7,857,169,000 after purchasing an additional 239,584 shares during the last quarter. Capital World Investors lifted its holdings in shares of Lockheed Martin by 9.4% during the 4th quarter. Capital World Investors now owns 13,462,533 shares of the aerospace company’s stock valued at $4,784,686,000 after purchasing an additional 1,152,397 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lockheed Martin by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,256,069 shares of the aerospace company’s stock valued at $2,320,030,000 after purchasing an additional 264,665 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Lockheed Martin by 16.1% during the 4th quarter. Capital Research Global Investors now owns 3,288,398 shares of the aerospace company’s stock valued at $1,168,730,000 after purchasing an additional 456,524 shares during the last quarter. Institutional investors own 75.50% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $421.53 on Friday. The stock has a 50-day simple moving average of $419.88 and a two-hundred day simple moving average of $432.33. The firm has a market capitalization of $111.77 billion, a P/E ratio of 24.39, a PEG ratio of 2.88 and a beta of 0.66. Lockheed Martin Co. has a fifty-two week low of $324.23 and a fifty-two week high of $479.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.06 and a current ratio of 1.27.

Lockheed Martin (NYSE:LMTGet Rating) last released its quarterly earnings data on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $6.39 by ($5.23). The company had revenue of $15.45 billion for the quarter, compared to analysts’ expectations of $16.02 billion. Lockheed Martin had a net margin of 7.33% and a return on equity of 69.02%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.13 EPS. On average, equities analysts forecast that Lockheed Martin Co. will post 26.8 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be given a dividend of $2.80 per share. This represents a $11.20 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Wednesday, August 31st. Lockheed Martin’s dividend payout ratio (DPR) is presently 64.81%.

Insider Activity

In other news, EVP Gregory M. Ulmer sold 6,929 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total transaction of $2,936,995.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Gregory M. Ulmer sold 6,929 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total transaction of $2,936,995.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Donovan acquired 632 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was purchased at an average price of $396.16 per share, for a total transaction of $250,373.12. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at approximately $475,392. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LMT. Wells Fargo & Company decreased their price objective on Lockheed Martin from $496.00 to $406.00 and set an “equal weight” rating for the company in a report on Wednesday, July 20th. Royal Bank of Canada began coverage on Lockheed Martin in a report on Monday, August 29th. They set a “sector perform” rating and a $460.00 price objective for the company. Finally, Morgan Stanley decreased their price objective on Lockheed Martin from $525.00 to $522.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $448.92.

Lockheed Martin Company Profile

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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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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