Midwest Professional Planners Inc. Acquires 399 shares of Lockheed Martin Company (NYSE:LMT)

Financial Planners


Midwest Professional Planners Inc. increased its position in Lockheed Martin (NYSE: LMT – Get Rating) stock by 8.6% in the fourth quarter, according to its latest 13F filing with the SEC. . The company owns 5,025 shares in the aerospace company after acquiring an additional 399 shares during the quarter. Lockheed Martin accounts for 1.4% of Midwest Professional Planners’ investment portfolio, making the stock the 15th largest. Midwest Professional Planners’ Lockheed Martin stock was worth $2.445 million at the end of its most recent quarter.

Other institutional investors and hedge funds have also recently changed positions in the company. Edmp Inc. increased his Lockheed Martin stock position by 46,414.4% in the fourth quarter. Edmp Inc. acquired an additional 454,861 shares during the previous quarter and now owns 455,841 shares of the aerospace company worth $937,000. Renaissance Technologies LLC increased his position in Lockheed Martin by 586.8% in the first quarter. Renaissance Technologies LLC purchased an additional 315,700 shares during the last quarter and now owns 369,500 shares of the aerospace company worth $163,097,000. International Asset Investment Management LLC increased its position in Lockheed Martin by 15,691.3% in the fourth quarter. International Asset Investment Management LLC purchased an additional 303,941 shares during the previous quarter and now owns 305,878 shares of the aerospace company, valued at $859,000. Vanguard Group increased its position in Lockheed Martin stock by 1.3% in the third quarter. Vanguard Group Inc. purchased an additional 289,110 shares during the previous quarter and now owns 22,885,865 shares of the aerospace company worth $8,840.58 million. Finally, Neuberger Berman Group LLC increased its position in Lockheed Martin by 83.5% in the third quarter. Neuberger Berman Group LLC purchased an additional 270,780 shares during the last quarter and now owns 594,966 shares of the aerospace company worth $229,985,000. Institutional investors hold 75.18% of the company’s shares.

insider bet

In other news from Lockheed Martin, EVP Timothy S. Cahill sold 2,534 shares of the company in a transaction on Monday, March 6. The shares sold at an average price of $479.44 for a total transaction value of $1,214,900.96. The transaction gives the Executive Vice President direct ownership of 10,460 shares of the company, valued at approximately $5,014,942.40. The deal was disclosed in documents filed with the Securities and Exchange Commission, which are available on the SEC’s website. In other news, Vice President Stephanie C. Hill sold 2,391 shares of Lockheed Martin stock in a transaction on Thursday, April 20. The shares sold at an average price of $490.84, giving him a total of $1,173,598.44. Following the transaction, the Executive Vice President will own directly 12,604 shares of the company, valued at approximately $6,186,547.36. The sale was disclosed in documents filed with the Securities and Exchange Commission, available at this hyperlink. Vice President Timothy S. Cahill also sold 2,534 shares of Lockheed Martin stock in a transaction on Monday, March 6. The shares were sold at an average price of $479.44 for a total of $1,214,900.96. Following the closing of the transaction, the Executive Vice President will own 10,460 shares of the Company’s stock valued at $5,014,942.40. Disclosure information regarding this sale can be found here. Currently, 0.17% of the shares are owned by insiders.

Analyst upgrades and downgrades

LMT is a hot topic in many analyst reports. JPMorgan Chase raised its price target on Lockheed Martin from $480.00 to $500.00 in a research note on Wednesday, April 19, giving the stock a Neutral rating. Robert W. Baird downgraded Lockheed Martin from “outperform” to “neutral” and set a price target of $513.00. In a research note on Wednesday, April 12th. Susquehanna raised its price target on Lockheed Martin to $512.00 from $510.00, giving the company a “positive” rating in a research note on Wednesday, Jan. 25. DZ Bank upgraded Lockheed Martin’s rating from ‘hold’ to ‘buy’ in a research note on Monday, January 30, with a price target of $523.00. Finally, StockNews.com undertook coverage of Lockheed Martin in a research note on Thursday, May 18th. They issued a “strong buy” rating for the stock. Two research analysts gave the stock a “sell” rating, eight a “hold”, five a “buy” and one a “strong buy”. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $494.79.

Lockheed Martin trades down 0.0%

NYSE:LMT shares fell $0.13 during trading on Tuesday to $454.59. The company had a trading volume of 385,401 shares and an average volume of 1,327,241 shares. The stock has a market cap of $115.12 billion, a price/earnings multiple of 20.78 times, a price/earnings multiple of 2.76 times and a beta of 0.67 times. Lockheed Martin hit a one-year low of $373.67 and a one-year high of $508.10. The company’s 50-day simple moving average is $471.83 and its 200-day simple moving average is $473.44. The company has a debt to equity ratio of 1.61, a current ratio of 1.30 and a quick ratio of 1.10.

Lockheed Martin (NYSE:LMT – Get Rating) last reported quarterly results on Tuesday, April 18th. The aerospace company reported earnings per share (EPS) of $6.43 for the quarter, beating analyst consensus expectations of $6.08 by $0.35. Lockheed Martin’s return on equity was 67.75% and net profit margin was 8.60%. The company had revenue of $15.13 billion for the quarter, compared with analyst expectations of $15.01 billion. The company’s EPS in the year-ago quarter was $6.44. Lockheed Martin’s quarterly sales increased 1.1% compared to the same period last year. Equity analysts expect the group as a whole to post earnings per share of $26.76 for Lockheed Martin this year.

Lockheed Martin dividend announcement

The company also recently announced a quarterly dividend to be paid on Friday, June 23. Shareholders of record on Thursday, June 1 will be issued his $3.00 dividend per share. The ex-dividend date is Wednesday, May 31. This equates to an annual dividend of $12.00 and a yield of 2.64%. Lockheed Martin’s payout ratio is currently 54.84%.

Lockheed Martin Profile

(get rating)

Lockheed Martin Corp. is a global security and aerospace company engaged in the research, design, development, manufacturing, integration and maintenance of technological systems, products and services. It operates through its Aviation, Missile and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space operating segments.

References

Want to know if other hedge funds hold LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Lockheed Martin (NYSE:LMT – rated).

Lockheed Martin Quarterly Institutional Ownership (NYSE:LMT)

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