Level Four Advisory Services LLC Has $9.90 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Level Four Advisory Services LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,378 shares of the aerospace company’s stock after buying an additional 433 shares during the period. Level Four Advisory Services LLC’s holdings in Lockheed Martin were worth $9,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at about $26,000. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth about $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin in the fourth quarter valued at $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter worth approximately $35,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth about $42,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $685.00 to $485.00 in a report on Monday. Wells Fargo & Company restated an “equal weight” rating on shares of Lockheed Martin in a report on Monday, March 10th. Royal Bank of Canada downgraded shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $550.00 to $480.00 in a research report on Thursday. Melius lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday. Finally, Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $539.53.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’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 owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the sale, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock valued at $3,155,916 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Trading Down 0.7 %

Shares of NYSE:LMT opened at $442.27 on Friday. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. The company has a market cap of $104.10 billion, a PE ratio of 19.87, a P/E/G ratio of 2.07 and a beta of 0.43. The company’s 50-day moving average price is $457.47 and its 200 day moving average price is $511.67. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Sell-side analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is presently 59.30%.

About Lockheed Martin

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.