Cordatus Wealth Management LLC Has $2.17 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Cordatus Wealth Management LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,466 shares of the aerospace company’s stock after purchasing an additional 33 shares during the quarter. Cordatus Wealth Management LLC’s holdings in Lockheed Martin were worth $2,170,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $26,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $35,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $40,000. Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $42,000. Finally, Vestor Capital LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $436.47 on Friday. The stock has a 50-day moving average price of $471.01 and a two-hundred day moving average price of $529.69. The stock has a market cap of $102.74 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.05 and a beta of 0.48. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its 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%. Equities analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.02%. Lockheed Martin’s dividend payout ratio is 59.30%.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent research reports. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Truist Financial initiated coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Morgan Stanley lowered their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Company 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.