Lockheed Martin Corporation (LMT) : Venturi Wealth Management scooped up 3,551 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 12, 2016. The investment management firm now holds a total of 24,711 shares of Lockheed Martin Corporation which is valued at $6 Million.Lockheed Martin Corporation makes up approximately 2.23% of Venturi Wealth Management’s portfolio.
Other Hedge Funds, Including , Girard Partners Ltd. boosted its stake in LMT in the latest quarter, The investment management firm added 670 additional shares and now holds a total of 10,151 shares of Lockheed Martin Corporation which is valued at $2.5 Million. Lockheed Martin Corporation makes up approx 1.09% of Girard Partners Ltd.’s portfolio.Lba Wealth Management boosted its stake in LMT in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 885 shares of Lockheed Martin Corporation which is valued at $212,630. Lockheed Martin Corporation makes up approx 0.12% of Lba Wealth Management’s portfolio.Jennison Associates boosted its stake in LMT in the latest quarter, The investment management firm added 137,257 additional shares and now holds a total of 138,307 shares of Lockheed Martin Corporation which is valued at $33.2 Million. Lockheed Martin Corporation makes up approx 0.04% of Jennison Associates’s portfolio.
Lockheed Martin Corporation opened for trading at $239.49 and hit $240.3 on the upside on Friday, eventually ending the session at $240.07, with a gain of 0.49% or 1.18 points. The heightened volatility saw the trading volume jump to 10,09,493 shares. Company has a market cap of $73,090 M.
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.
Investors should note that on Apr 27, 2016, Lockheed Martin Corporation announced a cash dividend of $1.6500. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 24, 2016.
Many Wall Street Analysts have commented on Lockheed Martin Corporation. RBC Capital Mkts Downgraded Lockheed Martin Corporation on May 19, 2016 to ” Sector Perform”, Price Target of the shares are set at $244.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 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.