Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Cetera Advisor Networks LLC

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Cetera Advisor Networks LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 7.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 16,662 shares of the aerospace company’s stock after acquiring an additional 1,168 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Lockheed Martin were worth $6,520,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CSat Investment Advisory L.P. boosted its position in shares of Lockheed Martin by 2,992.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 433 shares of the aerospace company’s stock valued at $158,000 after acquiring an additional 419 shares during the last quarter. Haverford Trust Co. boosted its position in shares of Lockheed Martin by 6.4% during the 2nd quarter. Haverford Trust Co. now owns 33,538 shares of the aerospace company’s stock valued at $12,192,000 after acquiring an additional 2,011 shares during the last quarter. Lucia Wealth Services LLC boosted its position in shares of Lockheed Martin by 78.5% during the 2nd quarter. Lucia Wealth Services LLC now owns 191 shares of the aerospace company’s stock valued at $69,000 after acquiring an additional 84 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Lockheed Martin by 44.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,252 shares of the aerospace company’s stock valued at $455,000 after acquiring an additional 386 shares during the last quarter. Finally, Cibc World Markets Corp lifted its position in Lockheed Martin by 67.1% in the second quarter. Cibc World Markets Corp now owns 69,474 shares of the aerospace company’s stock valued at $25,257,000 after buying an additional 27,901 shares during the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

NYSE LMT opened at $387.69 on Thursday. The firm’s 50-day moving average is $380.21 and its two-hundred day moving average is $366.06. Lockheed Martin Co. has a 12 month low of $241.18 and a 12 month high of $399.96. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.28 and a quick ratio of 1.05. The stock has a market capitalization of $107.58 billion, a P/E ratio of 18.13, a PEG ratio of 2.49 and a beta of 0.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $5.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.02 by $0.64. The company had revenue of $15.17 billion for the quarter, compared to analyst estimates of $14.87 billion. Lockheed Martin had a net margin of 10.26% and a return on equity of 221.59%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.14 earnings per share. As a group, analysts anticipate that Lockheed Martin Co. will post 21.62 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a dividend of $2.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Lockheed Martin’s previous quarterly dividend of $2.20. This represents a $9.60 dividend on an annualized basis and a yield of 2.48%. Lockheed Martin’s dividend payout ratio is 49.30%.

Lockheed Martin announced that its Board of Directors has initiated a share buyback program on Thursday, September 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the aerospace company to repurchase up to 1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

LMT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. ValuEngine cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Credit Suisse Group decreased their target price on shares of Lockheed Martin from $401.00 to $385.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Buckingham Research upped their target price on shares of Lockheed Martin from $405.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. They noted that the move was a valuation call. Finally, Morgan Stanley decreased their target price on shares of Lockheed Martin from $381.00 to $364.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $371.79.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT).

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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