Wetzel Investment Advisors Inc. Takes $84,000 Position in Lockheed Martin Co. (NYSE:LMT)

Wetzel Investment Advisors Inc. purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 185 shares of the aerospace company’s stock, valued at approximately $84,000.

Several other institutional investors have also recently added to or reduced their stakes in LMT. State Street Corp lifted its holdings in shares of Lockheed Martin by 0.5% during the first quarter. State Street Corp now owns 37,972,543 shares of the aerospace company’s stock worth $17,950,761,000 after purchasing an additional 176,739 shares during the period. Vanguard Group Inc. lifted its stake in shares of Lockheed Martin by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock worth $9,120,920,000 after acquiring an additional 279,162 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lockheed Martin by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock valued at $2,302,388,000 after acquiring an additional 97,916 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Lockheed Martin by 4.0% during the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock worth $1,291,816,000 after acquiring an additional 121,358 shares during the period. Finally, Northern Trust Corp raised its holdings in Lockheed Martin by 4.0% during the third quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock worth $976,751,000 after purchasing an additional 91,109 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $463.87 on Friday. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $495.83. The company has a market capitalization of $111.56 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 4.23 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The firm has a 50-day moving average price of $440.00 and a two-hundred day moving average price of $442.88.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.26 by $0.64. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.79 EPS. As a group, research analysts expect that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Thursday, February 29th. Lockheed Martin’s dividend payout ratio is presently 45.74%.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LMT shares. UBS Group dropped their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada cut their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Susquehanna decreased their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price target for the company from $475.00 to $518.00 in a report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $486.78.

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.