Kathmere Capital Management LLC Has $2.03 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Kathmere Capital Management LLC increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,173 shares of the aerospace company’s stock after acquiring an additional 486 shares during the quarter. Kathmere Capital Management LLC’s holdings in Lockheed Martin were worth $2,028,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin in the third quarter worth $26,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth approximately $32,000. Mattson Financial Services LLC purchased a new stake in Lockheed Martin in the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin in the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.2 %

Shares of LMT stock opened at $484.08 on Wednesday. The company has a market capitalization of $114.74 billion, a P/E ratio of 17.53, a P/E/G ratio of 4.05 and a beta of 0.48. The firm has a 50-day moving average price of $508.95 and a 200 day moving average price of $535.59. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the prior year, the business earned $6.77 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on LMT shares. Barclays dropped their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. UBS Group lifted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $590.40.

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.