Greenleaf Trust Has $3.54 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Greenleaf Trust lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,815 shares of the aerospace company’s stock after purchasing an additional 558 shares during the period. Greenleaf Trust’s holdings in Lockheed Martin were worth $3,542,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of LMT. Triumph Capital Management increased its holdings in shares of Lockheed Martin by 3.1% in the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after buying an additional 22 shares during the last quarter. Abbrea Capital LLC increased its holdings in shares of Lockheed Martin by 1.7% in the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock worth $571,000 after buying an additional 23 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Lockheed Martin by 1.6% in the 3rd 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 increased its holdings in shares of Lockheed Martin by 3.5% in the 3rd quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock worth $290,000 after buying an additional 24 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its holdings in shares of 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 buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.8 %

Shares of LMT opened at $464.14 on Friday. The stock 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. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The firm has a fifty day simple moving average of $440.00 and a two-hundred day simple moving average of $442.60. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $495.83.

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

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders 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 annualized dividend and a yield of 2.71%. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LMT. Susquehanna decreased their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Citigroup cut 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. Royal Bank of Canada cut 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. Finally, JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average price target of $487.70.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The shares were 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 can be accessed through the SEC website. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The shares were 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 can be accessed through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The stock was 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 owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is currently owned by corporate insiders.

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.