Bank of New York Mellon Corp Purchases 15,085 Shares of Lockheed Martin Co. (NYSE:LMT)

Bank of New York Mellon Corp lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,743,757 shares of the aerospace company’s stock after acquiring an additional 15,085 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.74% of Lockheed Martin worth $847,361,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the 3rd quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $35,000. Legacy Investment Solutions LLC acquired a new position in Lockheed Martin in the third quarter valued at approximately $42,000. Finally, Vestor Capital LLC bought a new position in Lockheed Martin in the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $448.34 on Wednesday. The firm has a market cap of $105.53 billion, a P/E ratio of 20.14, a PEG ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month 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. The firm’s 50 day moving average price is $468.06 and its two-hundred day moving average price is $527.23.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 net margin of 7.51% and a return on equity of 101.47%. On average, analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company 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 is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.94%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Analyst Ratings Changes

Several analysts have commented on LMT shares. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company dropped their price objective on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. UBS Group cut their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Finally, Barclays cut their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.