Ceeto Capital Group LLC Has $910,000 Position in Lockheed Martin Co. (NYSE:LMT)

Ceeto Capital Group LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 42.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,000 shares of the aerospace company’s stock after buying an additional 600 shares during the period. Ceeto Capital Group LLC’s holdings in Lockheed Martin were worth $910,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in Lockheed Martin by 14.9% in the fourth quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock worth $1,173,641,000 after buying an additional 336,588 shares during the last quarter. International Assets Investment Management LLC boosted its position in Lockheed Martin by 10,526.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after purchasing an additional 1,349,409 shares during the period. Dimensional Fund Advisors LP boosted its position in Lockheed Martin by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,161 shares of the aerospace company’s stock worth $470,536,000 after purchasing an additional 27,349 shares during the period. Capital Research Global Investors boosted its position in Lockheed Martin by 29.7% during the first quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company’s stock worth $433,621,000 after purchasing an additional 218,506 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Lockheed Martin by 1.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 716,832 shares of the aerospace company’s stock worth $324,897,000 after purchasing an additional 9,136 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock traded up $3.40 during midday trading on Friday, hitting $524.80. The stock had a trading volume of 1,141,310 shares, compared to its average volume of 1,065,686. The firm has a market capitalization of $125.09 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 4.89 and a beta of 0.46. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $528.64. The stock has a 50-day simple moving average of $469.59 and a 200 day simple moving average of $453.88. The company has a current ratio of 1.24, a quick ratio of 1.11 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.45 by $0.66. The firm had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. Lockheed Martin’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $6.73 earnings per share. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 26.26 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.40%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Insider Buying and Selling

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the transaction, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LMT shares. UBS Group upped their target price on Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Susquehanna upped their target price on Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a research report on Wednesday. Citigroup increased their price objective on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, TD Cowen raised Lockheed Martin from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $560.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.91.

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.