High Note Wealth LLC Has $1.51 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

High Note Wealth LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,337 shares of the aerospace company’s stock after acquiring an additional 256 shares during the period. High Note Wealth LLC’s holdings in Lockheed Martin were worth $1,513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich grew its position in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares in the last quarter. CGC Financial Services LLC bought a new stake in Lockheed Martin in the 2nd quarter worth about $31,000. Coppell Advisory Solutions Corp. bought a new stake in Lockheed Martin in the 4th quarter worth about $31,000. Milestone Investment Advisors LLC bought a new stake in Lockheed Martin in the 3rd quarter worth about $33,000. Finally, Providence Capital Advisors LLC bought a new stake in Lockheed Martin in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $456.93 on Thursday. The firm’s fifty day moving average price is $433.46 and its 200-day moving average price is $438.35. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The stock has a market cap of $109.89 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 4.08 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $508.10.

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

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, February 29th. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Analyst Ratings Changes

A number of research firms have recently weighed in on LMT. Susquehanna reduced their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada reduced their target price on shares of 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. Morgan Stanley reduced their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Finally, UBS Group dropped their price target on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $491.92.

Insiders Place Their Bets

In other news, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 in the last quarter. Insiders own 0.17% of the company’s stock.

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.