Angeles Wealth Management LLC Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Angeles Wealth Management LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMTFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 707 shares of the aerospace company’s stock, valued at approximately $320,000.

Other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Lockheed Martin by 73.0% during 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 during the last quarter. Altshuler Shaham Ltd acquired a new position in Lockheed Martin in the 4th quarter valued at $26,000. Activest Wealth Management grew its holdings in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after buying an additional 60 shares in the last quarter. Providence Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $35,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of Lockheed Martin by 1,925.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Citigroup upped their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. UBS Group upped their target price on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. The Goldman Sachs Group lowered their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Finally, StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $485.40.

View Our Latest Analysis on Lockheed Martin

Lockheed Martin Trading Up 0.3 %

NYSE LMT opened at $470.13 on Friday. The business has a 50 day simple moving average of $461.69 and a 200 day simple moving average of $448.75. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The stock has a market capitalization of $112.80 billion, a P/E ratio of 17.20, a P/E/G ratio of 4.41 and a beta of 0.47. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMTGet Free Report) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter last year, the firm posted $6.43 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. Research analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a dividend of $3.15 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.68%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

About Lockheed Martin

(Free Report)

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.

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

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