Cigna Investments Inc. New boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,015 shares of the aerospace company’s stock after purchasing an additional 420 shares during the quarter. Cigna Investments Inc. New’s holdings in Lockheed Martin were worth $2,378,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its holdings in Lockheed Martin by 48.1% during the 1st quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 17,090 shares of the aerospace company’s stock valued at $5,793,000 after acquiring an additional 5,550 shares during the period. Blair William & Co. IL increased its position in Lockheed Martin by 6.0% during the 1st quarter. Blair William & Co. IL now owns 22,097 shares of the aerospace company’s stock valued at $7,490,000 after buying an additional 1,257 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Lockheed Martin by 12.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,358 shares of the aerospace company’s stock valued at $1,477,000 after buying an additional 485 shares in the last quarter. Roberts Glore & Co. Inc. IL grew its stake in Lockheed Martin by 1.5% during the 1st quarter. Roberts Glore & Co. Inc. IL now owns 3,145 shares of the aerospace company’s stock valued at $1,065,000 after purchasing an additional 46 shares during the last quarter. Finally, MainStreet Investment Advisors LLC grew its stake in Lockheed Martin by 10.8% during the 1st quarter. MainStreet Investment Advisors LLC now owns 19,844 shares of the aerospace company’s stock valued at $6,726,000 after purchasing an additional 1,936 shares during the last quarter. 79.28% of the stock is currently owned by institutional investors and hedge funds.
Shares of LMT stock traded up $0.18 during trading hours on Friday, hitting $369.00. 752,010 shares of the company were exchanged, compared to its average volume of 1,363,502. The stock has a market capitalization of $103.43 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 2.21 and a beta of 0.98. Lockheed Martin Co. has a one year low of $266.11 and a one year high of $442.53. The business’s 50-day simple moving average is $373.39 and its two-hundred day simple moving average is $387.36. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.00 and a current ratio of 1.23.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be issued a dividend of $2.40 per share. This represents a $9.60 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Friday, May 29th. Lockheed Martin’s payout ratio is 43.74%.
LMT has been the topic of a number of recent research reports. Susquehanna Bancshares upped their target price on Lockheed Martin from $428.00 to $503.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Vertical Research reaffirmed a “buy” rating and issued a $410.00 price target on shares of Lockheed Martin in a report on Tuesday, April 21st. Cowen started coverage on Lockheed Martin in a report on Tuesday, April 21st. They issued a “buy” rating and a $410.00 price target for the company. Morgan Stanley raised their target price on Lockheed Martin from $385.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 14th. Finally, Buckingham Research raised their target price on Lockheed Martin from $450.00 to $507.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $439.00.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
See Also: What is Call Option Volume?
Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT).
Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.