Angeles Wealth Management LLC Takes Position in Lockheed Martin Co. (NYSE:LMT)

Angeles Wealth Management LLC purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMTFree Report) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 707 shares of the aerospace company’s stock, valued at approximately $320,000.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after purchasing an additional 279,162 shares during the period. Wellington Management Group LLP increased its holdings in Lockheed Martin by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after purchasing an additional 121,358 shares during the period. Franklin Resources Inc. increased its holdings in Lockheed Martin by 14.9% during the 4th quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock valued at $1,173,641,000 after purchasing an additional 336,588 shares during the period. Northern Trust Corp increased its holdings in Lockheed Martin by 4.0% during the 3rd quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock valued at $976,751,000 after purchasing an additional 91,109 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Lockheed Martin by 10,526.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after purchasing an additional 1,349,409 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LMT shares. UBS Group boosted their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. The Goldman Sachs Group reduced their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Wells Fargo & Company upped their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Finally, StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $485.40.

Read Our Latest Research Report on LMT

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $470.13 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $112.80 billion, a P/E ratio of 17.20, a PEG ratio of 4.41 and a beta of 0.47. The stock’s 50 day moving average is $461.69 and its 200 day moving average is $448.75. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $479.50.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.43 EPS. On average, equities research analysts predict that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.68%. Lockheed Martin’s payout ratio is currently 46.10%.

About Lockheed Martin

(Free Report)

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.

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

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