On May 31, 2023 at 14:36:17 ET an unusually large $5,771.25K block of Put contracts in Lockheed Martin (LMT) was bought, with a strike price of $485.00 / share, expiring in 16 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.60 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in LMT options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 3298 funds or institutions reporting positions in Lockheed Martin. This is a decrease of 50 owner(s) or 1.49% in the last quarter. Average portfolio weight of all funds dedicated to LMT is 0.54%, a decrease of 6.61%. Total shares owned by institutions decreased in the last three months by 3.68% to 215,482K shares. The put/call ratio of LMT is 0.79, indicating a bullish outlook.

Analyst Price Forecast Suggests 16.05% Upside

As of May 11, 2023, the average one-year price target for Lockheed Martin is 519.86. The forecasts range from a low of 374.71 to a high of $607.95. The average price target represents an increase of 16.05% from its latest reported closing price of 447.97.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Lockheed Martin is 66,400MM, an increase of 0.38%. The projected annual non-GAAP EPS is 27.30.

What are Other Shareholders Doing?

Capital World Investors holds 9,270K shares representing 3.66% ownership of the company. In it’s prior filing, the firm reported owning 10,875K shares, representing a decrease of 17.31%. The firm decreased its portfolio allocation in LMT by 19.68% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 7,727K shares representing 3.05% ownership of the company. In it’s prior filing, the firm reported owning 7,790K shares, representing a decrease of 0.82%. The firm decreased its portfolio allocation in LMT by 11.00% over the last quarter.

Bank Of America holds 5,743K shares representing 2.27% ownership of the company. In it’s prior filing, the firm reported owning 5,673K shares, representing an increase of 1.21%. The firm decreased its portfolio allocation in LMT by 77.38% over the last quarter.

Charles Schwab Investment Management holds 5,480K shares representing 2.16% ownership of the company. In it’s prior filing, the firm reported owning 5,849K shares, representing a decrease of 6.74%. The firm decreased its portfolio allocation in LMT by 24.54% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 5,127K shares representing 2.02% ownership of the company. In it’s prior filing, the firm reported owning 5,217K shares, representing a decrease of 1.76%. The firm decreased its portfolio allocation in LMT by 11.44% over the last quarter.

Lockheed Martin Declares $3.00 Dividend

On April 26, 2023 the company declared a regular quarterly dividend of $3.00 per share ($12.00 annualized). Shareholders of record as of June 1, 2023 will receive the payment on June 23, 2023. Previously, the company paid $3.00 per share.

At the current share price of $447.97 / share, the stock’s dividend yield is 2.68%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.70%, the lowest has been 2.18%, and the highest has been 3.59%. The standard deviation of yields is 0.27 (n=236).

The current dividend yield is 0.09 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is 0.53. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time.

Lockheed Martin Background Information
(This description is provided by the company.)

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Key filings for this company:

• UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

This article originally appeared on Fintel

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