Rakuten Securities Inc. Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Rakuten Securities Inc. acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 170 shares of the aerospace company’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Triumph Capital Management boosted its stake in Lockheed Martin by 3.1% in the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after buying an additional 22 shares in the last quarter. Abbrea Capital LLC increased its position in Lockheed Martin by 1.7% in the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after buying an additional 23 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in Lockheed Martin by 1.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after buying an additional 23 shares during the last quarter. Elevated Capital Advisors LLC raised its stake in shares of Lockheed Martin by 3.5% in the third quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock worth $290,000 after purchasing an additional 24 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its position in Lockheed Martin by 1.2% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the subject of several research analyst reports. Morgan Stanley decreased their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. UBS Group cut their price objective on shares of Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada dropped their price objective on 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. Citigroup cut their price target 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, JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $475.00 to $518.00 in a report on Monday. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $493.36.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $456.05 on Thursday. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $508.10. The company has a market capitalization of $109.68 billion, a P/E ratio of 16.55, a PEG ratio of 4.14 and a beta of 0.48. The stock’s 50 day moving average is $438.66 and its 200 day moving average is $442.12. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53.

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

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors 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 payout ratio is currently 45.74%.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of the business’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 legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,874 shares of company stock worth $7,249,946. Insiders own 0.17% of the company’s stock.

Lockheed Martin 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.