Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 16.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 165,798 shares of the aerospace company’s stock after purchasing an additional 23,539 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Lockheed Martin were worth $80,568,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LMT. Empirical Asset Management LLC purchased a new position in Lockheed Martin in the fourth quarter valued at about $142,000. Ameritas Advisory Services LLC boosted its holdings in Lockheed Martin by 7.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 6,445 shares of the aerospace company’s stock valued at $3,132,000 after purchasing an additional 441 shares during the last quarter. Grove Bank & Trust boosted its holdings in Lockheed Martin by 4.9% in the fourth quarter. Grove Bank & Trust now owns 745 shares of the aerospace company’s stock valued at $362,000 after purchasing an additional 35 shares during the last quarter. Cascade Investment Group Inc. boosted its holdings in Lockheed Martin by 12.0% in the fourth quarter. Cascade Investment Group Inc. now owns 552 shares of the aerospace company’s stock valued at $268,000 after purchasing an additional 59 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in Lockheed Martin by 19.9% in the fourth quarter. Annex Advisory Services LLC now owns 483 shares of the aerospace company’s stock valued at $235,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock worth $3,155,916 in the last three months. 0.14% of the stock is owned by company insiders.

Lockheed Martin Stock Up 0.9%

Shares of Lockheed Martin stock opened at $472.51 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The business’s 50 day simple moving average is $461.43 and its 200-day simple moving average is $478.60. The stock has a market capitalization of $110.71 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.79%. The ex-dividend date is Monday, June 2nd. Lockheed Martin’s dividend payout ratio is currently 57.02%.

Analyst Ratings Changes

LMT has been the subject of a number of analyst reports. Baird R W raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Susquehanna reduced their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. UBS Group increased their target price on Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 23rd. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Finally, Wells Fargo & Company reduced their target price on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $541.80.

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.