Angeles Wealth Management LLC Has $814,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Angeles Wealth Management LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 35.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,676 shares of the aerospace company’s stock after buying an additional 442 shares during the period. Angeles Wealth Management LLC’s holdings in Lockheed Martin were worth $814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Gateway Investment Advisers LLC lifted its stake in Lockheed Martin by 0.5% in the third quarter. Gateway Investment Advisers LLC now owns 4,811 shares of the aerospace company’s stock valued at $2,812,000 after buying an additional 25 shares during the period. Annex Advisory Services LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $236,000. Retirement Planning Group LLC boosted its stake in Lockheed Martin by 122.4% during the 3rd quarter. Retirement Planning Group LLC now owns 1,281 shares of the aerospace company’s stock worth $749,000 after acquiring an additional 705 shares during the last quarter. Gibson Capital LLC acquired a new position in Lockheed Martin during the third quarter valued at approximately $196,000. Finally, Carnegie Investment Counsel increased its stake in Lockheed Martin by 0.4% in the third quarter. Carnegie Investment Counsel now owns 28,635 shares of the aerospace company’s stock valued at $16,739,000 after purchasing an additional 128 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LMT shares. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. TD Cowen raised their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Trading Down 1.0 %

Lockheed Martin stock opened at $444.05 on Monday. The company has a market cap of $104.52 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.12 and a beta of 0.48. The firm has a 50-day moving average of $484.84 and a 200-day moving average of $535.84. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company 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 is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.97%. 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.