5 Dividend Stocks to Buy According to Billionaire Louis Bacon

4. Lockheed Martin Corporation (NYSE:LMT)

Moore Global Investments Stake Value: $5,608,000
Percentage of Moore Global Investments’ 13F Portfolio: 0.08%
Number of Hedge Fund Holders: 51
Dividend Yield: 3.26%

Lockheed Martin Corporation (NYSE:LMT) is a multinational aerospace, defense, information security, and technology company in the United States.

In October, Wells Fargo analyst Matthew Akers reduced his price objective on Lockheed Martin Corporation (NYSE:LMT) from $385 to $340 but kept an “Equal-Weight” rating on the stock. The analyst points out that the company’s forecast for 2022 was far lower than expected, reinforcing his conviction that defense forecasts are overly optimistic.

At the end of Q3, 51 hedge funds tracked by Insider Monkey reported owning stakes in Lockheed Martin Corporation (NYSE:LMT), down from 58 in the preceding quarter. Moore Global Investments increased its activity in Lockheed Martin Corporation (NYSE:LMT) by 38% in Q3. The company now represents 0.08% of the hedge fund’s 13F portfolio.