Strategic Advisors LLC Has $1 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Strategic Advisors LLC raised its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,059 shares of the aerospace company’s stock after purchasing an additional 45 shares during the period. Strategic Advisors LLC’s holdings in Lockheed Martin were worth $1,001,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $63,000. Monument Capital Management grew its holdings in Lockheed Martin by 2.9% during the fourth quarter. Monument Capital Management now owns 1,345 shares of the aerospace company’s stock valued at $654,000 after purchasing an additional 38 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Lockheed Martin by 3.9% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 8,783 shares of the aerospace company’s stock valued at $4,268,000 after acquiring an additional 330 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of Lockheed Martin by 2.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 14,548 shares of the aerospace company’s stock valued at $7,069,000 after acquiring an additional 302 shares during the period. Finally, Valmark Advisers Inc. boosted its position in shares of Lockheed Martin by 3.9% in the fourth quarter. Valmark Advisers Inc. now owns 3,887 shares of the aerospace company’s stock valued at $1,889,000 after acquiring an additional 147 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 2.7 %

Shares of NYSE LMT opened at $423.15 on Monday. The stock has a market cap of $99.60 billion, a PE ratio of 19.01, a PEG ratio of 2.12 and a beta of 0.48. The business has a fifty day moving average of $477.08 and a two-hundred day moving average of $532.83. Lockheed Martin Co. has a 52-week low of $418.58 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last announced its earnings results 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%. As a group, equities research analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.12%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Ratings Changes

LMT has been the subject of several research reports. TD Cowen increased their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their price objective on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. UBS Group reduced their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Susquehanna reduced their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Company 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.