Mackenzie Financial Corp Has $37.20 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Mackenzie Financial Corp lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,069 shares of the aerospace company’s stock after acquiring an additional 12,280 shares during the quarter. Mackenzie Financial Corp’s holdings in Lockheed Martin were worth $37,197,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in LMT. Bank Julius Baer & Co. Ltd Zurich boosted its stake in 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 valued at $26,000 after purchasing an additional 27 shares during the period. Activest Wealth Management boosted its stake in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $31,000. Milestone Investment Advisors LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $33,000. Finally, Providence Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $35,000. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 in the last three months. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LMT shares. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $475.00 to $518.00 in a research report on Monday. Susquehanna dropped their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Citigroup dropped their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Morgan Stanley dropped their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $493.36.

Lockheed Martin Stock Up 0.4 %

NYSE LMT opened at $456.05 on Thursday. The stock has a fifty day moving average of $438.66 and a 200-day moving average of $442.12. The stock has a market capitalization of $109.68 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 4.14 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $508.10. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results 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 business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. During the same period last year, the company earned $7.79 EPS. The firm’s revenue was down .6% on a year-over-year basis. On average, equities research analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a $3.15 dividend. The ex-dividend date was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.76%. Lockheed Martin’s dividend payout ratio is currently 45.74%.

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.