Life Planning Partners Inc Purchases New Position in Lockheed Martin Co. (NYSE:LMT)

Life Planning Partners Inc acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,015 shares of the aerospace company’s stock, valued at approximately $4,867,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. RWA Wealth Partners LLC increased its holdings in shares of Lockheed Martin by 2.0% in the fourth quarter. RWA Wealth Partners LLC now owns 41,960 shares of the aerospace company’s stock valued at $20,390,000 after purchasing an additional 808 shares during the period. Summit Securities Group LLC purchased a new position in Lockheed Martin in the fourth quarter valued at $680,000. Arrowstreet Capital Limited Partnership grew its holdings in Lockheed Martin by 230.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 210,193 shares of the aerospace company’s stock valued at $102,141,000 after purchasing an additional 146,581 shares during the period. Transamerica Financial Advisors Inc. raised its position in Lockheed Martin by 7.6% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 2,202 shares of the aerospace company’s stock worth $1,070,000 after acquiring an additional 155 shares during the period. Finally, Michael A. Dubis Financial Planning LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter worth approximately $972,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $441.41 on Friday. The business has a 50 day simple moving average of $456.49 and a 200-day simple moving average of $510.30. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The company has a market capitalization of $103.90 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, equities research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.99%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Insider Activity

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 shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the company’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 transaction of $312,925.27. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 over the last 90 days. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LMT has been the subject of several analyst reports. StockNews.com raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Citigroup decreased their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Melius lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average target price of $539.53.

Lockheed Martin Company 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.