151 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Pacific Capital Wealth Advisors Inc.

Pacific Capital Wealth Advisors Inc. bought a new stake in Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 151 shares of the aerospace company’s stock, valued at approximately $68,000.

Several other institutional investors also recently added to or reduced their stakes in LMT. Lindbrook Capital LLC increased its holdings in shares of Lockheed Martin by 3.3% during the 3rd quarter. Lindbrook Capital LLC now owns 876 shares of the aerospace company’s stock worth $358,000 after purchasing an additional 28 shares during the period. Verdence Capital Advisors LLC raised its holdings in Lockheed Martin by 22.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,718 shares of the aerospace company’s stock valued at $1,112,000 after acquiring an additional 490 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Lockheed Martin by 135.8% in the 3rd quarter. Mackenzie Financial Corp now owns 69,789 shares of the aerospace company’s stock worth $28,183,000 after acquiring an additional 40,191 shares during the period. Grandfield & Dodd LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $220,000. Finally, Brighton Jones LLC increased its position in shares of Lockheed Martin by 4.1% during the third quarter. Brighton Jones LLC now owns 3,580 shares of the aerospace company’s stock valued at $1,464,000 after purchasing an additional 140 shares during the period. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LMT shares. Citigroup lifted their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Wells Fargo & Company raised their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $485.40.

Insider Activity

In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $2,675,102.76. Following the completion of the transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 over the last 90 days. 0.14% of the stock is owned by company insiders.

Lockheed Martin Price Performance

NYSE LMT traded down $0.41 on Wednesday, hitting $466.27. 598,990 shares of the company were exchanged, compared to its average volume of 1,138,276. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The company has a market cap of $111.88 billion, a P/E ratio of 17.06, a P/E/G ratio of 4.23 and a beta of 0.46. Lockheed Martin Co. has a 1-year low of $393.77 and a 1-year high of $479.50. The firm has a 50 day moving average of $448.81 and a two-hundred day moving average of $445.66.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period in the prior year, the business earned $6.43 earnings per share. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. On average, equities analysts predict that Lockheed Martin Co. will post 26.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a dividend of $3.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.70%. Lockheed Martin’s payout ratio is currently 46.10%.

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.