Commonwealth Financial Services Lowers stake in Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation (LMT) : Commonwealth Financial Services reduced its stake in Lockheed Martin Corporation by 26.59% during the most recent quarter end. The investment management company now holds a total of 1,775 shares of Lockheed Martin Corporation which is valued at $412,475 after selling 643 shares in Lockheed Martin Corporation , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Lockheed Martin Corporation makes up approximately 0.61% of Commonwealth Financial Services’s portfolio.

Lockheed Martin Corporation opened for trading at $232.74 and hit $233.8 on the upside on Monday, eventually ending the session at $233.24, with a gain of 0.37% or 0.86 points. The heightened volatility saw the trading volume jump to 10,08,300 shares. Company has a market cap of $71,011 M.

Other Hedge Funds, Including , Conning reduced its stake in LMT by selling 14,502 shares or 10.21% in the most recent quarter. The Hedge Fund company now holds 127,568 shares of LMT which is valued at $29,644,252. Lockheed Martin Corporation makes up approx 1.27% of Conning’s portfolio.Ims Capital Management reduced its stake in LMT by selling 212 shares or 9.18% in the most recent quarter. The Hedge Fund company now holds 2,098 shares of LMT which is valued at $487,533. Lockheed Martin Corporation makes up approx 0.59% of Ims Capital Management’s portfolio.Vicus Capital boosted its stake in LMT in the latest quarter, The investment management firm added 69 additional shares and now holds a total of 7,615 shares of Lockheed Martin Corporation which is valued at $1,727,310. Lockheed Martin Corporation makes up approx 0.41% of Vicus Capital’s portfolio.Cornerstone Advisors reduced its stake in LMT by selling 34 shares or 24.64% in the most recent quarter. The Hedge Fund company now holds 104 shares of LMT which is valued at $23,590. Lockheed Martin Corporation makes up approx 0.02% of Cornerstone Advisors’s portfolio.Gateway Investment Advisers reduced its stake in LMT by selling 8,483 shares or 28.72% in the most recent quarter. The Hedge Fund company now holds 21,052 shares of LMT which is valued at $4,775,225. Lockheed Martin Corporation makes up approx 0.04% of Gateway Investment Advisers’s portfolio.

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. 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. 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 .

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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