Wellington Management Group LLP Has $1.80 Billion Position in Lockheed Martin Co. (NYSE:LMT)

Wellington Management Group LLP grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 8.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,074,855 shares of the aerospace company’s stock after buying an additional 240,306 shares during the period. Wellington Management Group LLP’s holdings in Lockheed Martin were worth $1,797,437,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin during the third quarter valued at about $26,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at about $27,000. Sachetta LLC increased its stake in Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 20 shares during the period. Stephens Consulting LLC increased its stake in Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 22 shares during the period. Finally, Burkett Financial Services LLC bought a new stake in Lockheed Martin in the third quarter valued at about $32,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.0 %

Shares of NYSE LMT opened at $517.40 on Friday. The company’s 50 day simple moving average is $563.89 and its 200 day simple moving average is $530.36. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The firm has a market capitalization of $122.64 billion, a P/E ratio of 18.73, a P/E/G ratio of 4.22 and a beta of 0.46. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $6.77 earnings per share. On average, analysts predict that Lockheed Martin Co. will post 26.94 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a yield of 2.55%. Lockheed Martin’s dividend payout ratio (DPR) is 47.79%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Barclays upped their target price on shares of Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 23rd. Bank of America reissued a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $611.00.

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.