Lockheed Martin Co. (NYSE:LMT) is Asset Planning Services Inc. LA ADV’s 3rd Largest Position

Asset Planning Services Inc. LA ADV lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.6% during the third quarter, HoldingsChannel reports. The firm owned 15,995 shares of the aerospace company’s stock after purchasing an additional 95 shares during the quarter. Lockheed Martin accounts for about 4.6% of Asset Planning Services Inc. LA ADV’s investment portfolio, making the stock its 3rd biggest holding. Asset Planning Services Inc. LA ADV’s holdings in Lockheed Martin were worth $9,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in LMT. Burkett Financial Services LLC bought a new position in Lockheed Martin during the third quarter worth about $32,000. Mattson Financial Services LLC bought a new position in Lockheed Martin in the 2nd quarter worth approximately $27,000. Sachetta LLC grew its stake in Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares in the last quarter. Wiser Advisor Group LLC lifted its position in shares of Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 25 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new position in shares of Lockheed Martin in the first quarter worth $30,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $571.10 on Thursday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The business’s fifty day simple moving average is $579.95 and its two-hundred day simple moving average is $513.50. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The company has a market cap of $137.03 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 4.84 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same period in the previous year, the company posted $6.77 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts anticipate that Lockheed Martin Co. will post 26.68 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is currently 48.30%.

Wall Street Analyst Weigh In

LMT has been the subject of several research analyst reports. Melius Research raised Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada lowered their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday. Robert W. Baird boosted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday. UBS Group raised their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Barclays upped their target price on shares of Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $606.71.

About Lockheed Martin

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.