Holistic Planning LLC Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

Holistic Planning LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 539 shares of the aerospace company’s stock after acquiring an additional 51 shares during the period. Holistic Planning LLC’s holdings in Lockheed Martin were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in LMT. Algert Global LLC bought a new position in shares of Lockheed Martin during the second quarter valued at approximately $277,000. Czech National Bank boosted its holdings in Lockheed Martin by 6.2% during the 3rd quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock valued at $25,261,000 after acquiring an additional 2,520 shares during the period. GAMMA Investing LLC grew its position in Lockheed Martin by 26.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,504 shares of the aerospace company’s stock valued at $2,633,000 after acquiring an additional 932 shares during the last quarter. WealthBridge Capital Management LLC bought a new stake in shares of Lockheed Martin during the third quarter worth $258,000. Finally, IAM Advisory LLC boosted its stake in shares of Lockheed Martin by 1.3% during the third quarter. IAM Advisory LLC now owns 4,081 shares of the aerospace company’s stock valued at $2,386,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on LMT shares. UBS Group lowered their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Robert W. Baird raised their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. TD Cowen upped their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company lowered their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Stock Performance

Shares of LMT opened at $462.53 on Monday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a 50-day moving average of $492.29 and a two-hundred day moving average of $537.32. The stock has a market cap of $108.88 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.96 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last released 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, research analysts predict that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.85%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

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.