Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 12.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,547 shares of the aerospace company’s stock after purchasing an additional 168 shares during the period. Octavia Wealth Advisors LLC’s holdings in Lockheed Martin were worth $701,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Herold Advisors Inc. grew its stake in shares of Lockheed Martin by 8.6% in the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after acquiring an additional 274 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Lockheed Martin by 3.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after purchasing an additional 770 shares during the last quarter. Alethea Capital Management LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth $415,000. Meridian Wealth Management LLC lifted its position in Lockheed Martin by 149.0% in the third quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock valued at $4,892,000 after acquiring an additional 7,156 shares during the last quarter. Finally, New Mexico Educational Retirement Board lifted its position in Lockheed Martin by 6.4% in the third quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock valued at $4,784,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Buying and Selling

In related news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,874 shares of company stock worth $7,249,946. 0.14% of the stock is owned by insiders.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $3.14 on Tuesday, reaching $456.22. 691,147 shares of the stock were exchanged, compared to its average volume of 1,156,655. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The business has a fifty day moving average price of $437.60 and a two-hundred day moving average price of $441.70. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $508.10. The firm has a market capitalization of $109.72 billion, a PE ratio of 16.46, a PEG ratio of 4.11 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating analysts’ consensus estimates of $7.26 by $0.64. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $7.79 EPS. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a $3.15 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 dividend on an annualized basis and a yield of 2.76%. Lockheed Martin’s dividend payout ratio (DPR) is 45.74%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LMT. UBS Group reduced their target price on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Susquehanna reduced their target price on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Citigroup reduced their target price on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, Royal Bank of Canada reduced their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $493.36.

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.