Charles Schwab Investment Management Inc. Grows Position in Lockheed Martin Co. (NYSE:LMT)

Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 17.9% in the 4th quarter, HoldingsChannel reports. The fund owned 7,471,071 shares of the aerospace company’s stock after acquiring an additional 1,132,461 shares during the quarter. Lockheed Martin comprises about 0.7% of Charles Schwab Investment Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Charles Schwab Investment Management Inc.’s holdings in Lockheed Martin were worth $3,630,492,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the third quarter worth $26,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin in the fourth quarter worth $35,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin in the third quarter worth $40,000. Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the third quarter worth $42,000. Finally, Vestor Capital LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at $46,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LMT. Citigroup dropped their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Susquehanna dropped their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada dropped their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $553.67.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at $884,840. The trade was a 61.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,133 shares of company stock valued at $3,155,916. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 0.2 %

LMT opened at $451.44 on Tuesday. The business’s fifty day simple moving average is $465.09 and its 200 day simple moving average is $524.06. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The firm has a market cap of $106.26 billion, a P/E ratio of 20.28, a PEG ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

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.