Gradient Investments Lowers stake in Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation (LMT) : Gradient Investments reduced its stake in Lockheed Martin Corporation by 2.07% during the most recent quarter end. The investment management company now holds a total of 21,193 shares of Lockheed Martin Corporation which is valued at $4,785,591 after selling 447 shares in Lockheed Martin Corporation , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Lockheed Martin Corporation makes up approximately 0.59% of Gradient Investments’s portfolio.

Lockheed Martin Corporation opened for trading at $225.65 and hit $227.63 on the upside on Monday, eventually ending the session at $227.14, with a gain of 0.59% or 1.33 points. The heightened volatility saw the trading volume jump to 8,24,487 shares. Company has a market cap of $69,388 M.

Other Hedge Funds, Including , Bath Savings Trust Co reduced its stake in LMT by selling 300 shares or 14.53% in the most recent quarter. The Hedge Fund company now holds 1,764 shares of LMT which is valued at $398,329. Lockheed Martin Corporation makes up approx 0.13% of Bath Savings Trust Co’s portfolio.Prospera Financial Services Inc reduced its stake in LMT by selling 788 shares or 31.1% in the most recent quarter. The Hedge Fund company now holds 1,746 shares of LMT which is valued at $394,264. Lockheed Martin Corporation makes up approx 0.09% of Prospera Financial Services Inc’s portfolio. Lenox Wealth Advisors sold out all of its stake in LMT during the most recent quarter. The investment firm sold 14 shares of LMT which is valued $3,161.

On the company’s financial health, Lockheed Martin Corporation reported $3.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $2.92. The company had revenue of $12917.00 million for the quarter, compared to analysts expectations of $12393.34 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.01 EPS.

Many Wall Street Analysts have commented on Lockheed Martin Corporation. Lockheed Martin Corporation was Initiated by Berenberg to “Buy” on Mar 17, 2016. Company shares were Reiterated by Barclays on Feb 16, 2016 to “Underweight”, Firm has raised the Price Target to $ 215 from a previous price target of $210 .Shares were Reiterated by RBC Capital Mkts on Jan 27, 2016 to “Outperform” and Lowered the Price Target to $ 244 from a previous price target of $250 .

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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