Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 161.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,980 shares of the aerospace company’s stock after buying an additional 60,494 shares during the quarter. Cibc World Market Inc.’s holdings in Lockheed Martin were worth $47,612,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the 3rd quarter valued at about $26,000. Burkett Financial Services LLC bought a new position in Lockheed Martin during the third quarter valued at approximately $32,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin during the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter worth $42,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on LMT shares. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. UBS Group lowered their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday. TD Cowen increased their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Performance

Shares of LMT opened at $459.12 on Friday. The business has a fifty day moving average of $495.56 and a 200 day moving average of $536.97. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 1.12. The firm has a market capitalization of $108.07 billion, a P/E ratio of 20.63, a PEG ratio of 3.78 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping 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, sell-side analysts anticipate that Lockheed Martin Co. will post 27.09 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.88%. Lockheed Martin’s payout ratio is 59.30%.

Lockheed Martin 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.