Holistic Planning LLC Boosts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Holistic Planning LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 539 shares of the aerospace company’s stock after buying an additional 51 shares during the period. Holistic Planning LLC’s holdings in Lockheed Martin were worth $262,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at about $26,000. Burkett Financial Services LLC acquired a new stake in Lockheed Martin in the third quarter valued at approximately $32,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LMT. Morgan Stanley reduced their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. TD Cowen boosted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna cut their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased 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. Finally, Wells Fargo & Company cut their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $462.53 on Monday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a market cap of $108.88 billion, a PE ratio of 20.78, a P/E/G ratio of 2.96 and a beta of 0.48. The business has a 50-day simple moving average of $492.29 and a 200-day simple moving average of $537.32.

Lockheed Martin (NYSE:LMT) last issued its earnings results 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 net margin of 7.51% and a return on equity of 101.47%. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

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 given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.85%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

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.