Lockheed Martin Co. (NYSE:LMT) Stock Holdings Boosted by Fortune Financial Advisors LLC

Fortune Financial Advisors LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,146 shares of the aerospace company’s stock after buying an additional 101 shares during the quarter. Lockheed Martin makes up approximately 1.4% of Fortune Financial Advisors LLC’s investment portfolio, making the stock its 24th largest position. Fortune Financial Advisors LLC’s holdings in Lockheed Martin were worth $1,529,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cibc World Market Inc. raised its position in shares of Lockheed Martin by 161.4% during the fourth quarter. Cibc World Market Inc. now owns 97,980 shares of the aerospace company’s stock worth $47,612,000 after purchasing an additional 60,494 shares during the period. Strategic Wealth Investment Group LLC raised its holdings in shares of Lockheed Martin by 5.9% during the fourth quarter. Strategic Wealth Investment Group LLC now owns 18,906 shares of the aerospace company’s stock valued at $9,188,000 after acquiring an additional 1,057 shares during the period. Crews Bank & Trust purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $1,246,000. Capital Investment Advisory Services LLC boosted its position in shares of Lockheed Martin by 15.2% in the fourth quarter. Capital Investment Advisory Services LLC now owns 5,830 shares of the aerospace company’s stock worth $2,833,000 after buying an additional 771 shares during the period. Finally, Synergy Asset Management LLC acquired a new position in Lockheed Martin during the fourth quarter valued at $3,510,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

NYSE LMT opened at $459.12 on Friday. The company has a market cap of $108.07 billion, a P/E ratio of 20.63, a P/E/G ratio of 3.78 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 3.10. The company has a fifty day simple moving average of $495.56 and a 200 day simple moving average of $536.97.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, sell-side analysts predict that Lockheed Martin Co. will post 27.09 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.88%. Lockheed Martin’s payout ratio is 59.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Robert W. Baird upped their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Morgan Stanley reduced their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.