Beaumont Financial Advisors LLC Purchases 255 Shares of Lockheed Martin Co. (NYSE:LMT)

Beaumont Financial Advisors LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 23.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,361 shares of the aerospace company’s stock after purchasing an additional 255 shares during the period. Beaumont Financial Advisors LLC’s holdings in Lockheed Martin were worth $617,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lee Financial Co boosted its position in Lockheed Martin by 367.6% in the 1st quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock valued at $210,000 after buying an additional 375 shares during the period. Vontobel Holding Ltd. boosted its position in Lockheed Martin by 240.0% in the 1st quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock valued at $1,821,000 after buying an additional 2,911 shares during the period. Sei Investments Co. boosted its position in Lockheed Martin by 56.8% in the 1st quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock valued at $9,995,000 after buying an additional 8,389 shares during the period. NewEdge Advisors LLC boosted its position in Lockheed Martin by 18.4% in the 1st quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock valued at $12,716,000 after buying an additional 4,472 shares during the period. Finally, Mackenzie Financial Corp boosted its position in Lockheed Martin by 20.4% in the 1st quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock valued at $47,391,000 after buying an additional 18,201 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 1.8 %

NYSE:LMT opened at $464.14 on Friday. The firm has a market capitalization of $111.62 billion, a P/E ratio of 16.85, a PEG ratio of 4.16 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $495.83. The company’s fifty day moving average price is $440.00 and its 200-day moving average price is $442.60. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid 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 dividend yield of 2.71%. Lockheed Martin’s payout ratio is currently 45.74%.

Analysts Set New Price Targets

LMT has been the subject of several research reports. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Citigroup reduced their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Finally, Susquehanna cut their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $487.70.

Insider Buying and Selling

In related news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was 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 three months, insiders have sold 16,874 shares of company stock valued at $7,249,946. Corporate insiders own 0.17% of the company’s stock.

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.