Willingdon Wealth Management buys $6,144,037 stake in Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation (LMT) : Willingdon Wealth Management scooped up 14,748 additional shares in Lockheed Martin Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 25,376 shares of Lockheed Martin Corporation which is valued at $6,144,037.Lockheed Martin Corporation makes up approximately 3.75% of Willingdon Wealth Management’s portfolio.

Other Hedge Funds, Including , Investment Partners Ltd Oh Adv boosted its stake in LMT in the latest quarter, The investment management firm added 1,110 additional shares and now holds a total of 4,242 shares of Lockheed Martin Corporation which is valued at $1,027,073. Lockheed Martin Corporation makes up approx 0.65% of Investment Partners Ltd Oh Adv’s portfolio.Cadence Bank Na boosted its stake in LMT in the latest quarter, The investment management firm added 141 additional shares and now holds a total of 6,184 shares of Lockheed Martin Corporation which is valued at $1,485,768. Lockheed Martin Corporation makes up approx 0.77% of Cadence Bank Na’s portfolio.Cypress Asset Management Inctx boosted its stake in LMT in the latest quarter, The investment management firm added 1,282 additional shares and now holds a total of 27,412 shares of Lockheed Martin Corporation which is valued at $6,586,007. Lockheed Martin Corporation makes up approx 1.32% of Cypress Asset Management Inctx’s portfolio.Confluence Wealth Management boosted its stake in LMT in the latest quarter, The investment management firm added 118 additional shares and now holds a total of 1,311 shares of Lockheed Martin Corporation which is valued at $304,650. Lockheed Martin Corporation makes up approx 0.14% of Confluence Wealth Management’s portfolio.

Lockheed Martin Corporation closed down -2.82 points or -1.15% at $242.12 with 11,98,746 shares getting traded on Friday. Post opening the session at $242.38, the shares hit an intraday low of $241.7 and an intraday high of $244.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Lockheed Martin Corporation reported $2.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $2.61. The company had revenue of $11702.00 million for the quarter, compared to analysts expectations of $11384.05 million. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 EPS.

Many Wall Street Analysts have commented on Lockheed Martin Corporation. Lockheed Martin Corporation was Downgraded by Stifel to ” Hold” on May 13, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Underweight”, Firm has raised the Price Target to $ 225 from a previous price target of $215 .Lockheed Martin Corporation was Initiated by Berenberg to “Buy” on Mar 17, 2016.

Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research design development manufacture integration and sustainment of advanced technology systems products and services. The Company operates in five segments: Aeronautics Information Systems & Global Solutions (IS&GS) Missiles and Fire Control (MFC) Mission Systems and Training (MST) and Space Systems. The Company provides a range of management engineering technical scientific logistics and information services. The Company’s areas of focus are in defense space intelligence homeland security and information technology including cyber security. It serves both the United States and international customers with products and services that have defense civil and commercial applications.

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