Beaumont Financial Advisors LLC Grows Holdings in Lockheed Martin Co. (NYSE:LMT)

Beaumont Financial Advisors LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 23.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,361 shares of the aerospace company’s stock after acquiring an additional 255 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Lockheed Martin were worth $617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Herold Advisors Inc. increased its position in Lockheed Martin by 8.6% during the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after purchasing an additional 274 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Lockheed Martin by 3.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after purchasing an additional 770 shares in the last quarter. Alethea Capital Management LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth approximately $415,000. Meridian Wealth Management LLC increased its position in Lockheed Martin by 149.0% during the 3rd quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock worth $4,892,000 after purchasing an additional 7,156 shares in the last quarter. Finally, New Mexico Educational Retirement Board increased its position in Lockheed Martin by 6.4% during the 3rd quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock worth $4,784,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $464.14 on Friday. The stock has a market cap of $111.62 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 4.16 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 stock has a 50 day moving average of $440.00 and a 200-day moving average of $442.60. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $495.83.

Lockheed Martin (NYSE:LMT) last announced 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. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. During the same period last year, the business posted $7.79 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Susquehanna lowered their price objective 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. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Royal Bank of Canada lowered their price objective 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. Citigroup lowered their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Finally, Morgan Stanley lowered their price objective 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. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $487.70.

Insider Buying and Selling

In related news, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were 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. Insiders have sold 16,874 shares of company stock worth $7,249,946 over the last ninety days. 0.17% of the stock is owned by insiders.

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.