10,015 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Life Planning Partners Inc

Life Planning Partners Inc purchased a new position in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,015 shares of the aerospace company’s stock, valued at approximately $4,867,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vinva Investment Management Ltd boosted its position in Lockheed Martin by 3.0% during the third quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 19 shares during the period. Widmann Financial Services Inc. grew its stake in Lockheed Martin by 2.1% in the 3rd quarter. Widmann Financial Services Inc. now owns 968 shares of the aerospace company’s stock valued at $566,000 after buying an additional 20 shares during the last quarter. CFS Investment Advisory Services LLC raised its holdings in Lockheed Martin by 2.0% in the 4th quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company’s stock worth $530,000 after acquiring an additional 21 shares during the period. Wynn Capital LLC lifted its position in Lockheed Martin by 1.0% during the 4th quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company’s stock worth $1,062,000 after acquiring an additional 22 shares during the last quarter. Finally, PBMares Wealth Management LLC boosted its holdings in Lockheed Martin by 0.6% during the fourth quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company’s stock valued at $1,820,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Stock Down 0.2 %

Shares of NYSE LMT opened at $441.41 on Friday. Lockheed Martin Co. has a 52-week low of $419.70 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. The business has a fifty day moving average of $456.49 and a two-hundred day moving average of $510.30. The stock has a market cap of $103.90 billion, a PE ratio of 19.83, a PEG ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, equities research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a dividend of $3.30 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.99%. Lockheed Martin’s dividend payout ratio is 59.30%.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research analyst reports. Royal Bank of Canada cut Lockheed Martin from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $550.00 to $480.00 in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Barclays dropped their target price 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. Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, Susquehanna dropped their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $539.53.

About Lockheed Martin

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.