Rbo Co Lowers stake in Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation (LMT) : Rbo Co reduced its stake in Lockheed Martin Corporation by 0.29% during the most recent quarter end. The investment management company now holds a total of 42,813 shares of Lockheed Martin Corporation which is valued at $11,309,054 after selling 123 shares in Lockheed Martin Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Lockheed Martin Corporation makes up approximately 3.28% of Rbo Co’s portfolio.

Other Hedge Funds, Including , Sapphire Star Partners Lp added LMT to its portfolio by purchasing 14,253 company shares during the most recent quarter which is valued at $3,764,930. Lockheed Martin Corporation makes up approx 4.27% of Sapphire Star Partners Lp’s portfolio.Doheny Asset Management Ca reduced its stake in LMT by selling 250 shares or 4.0% in the most recent quarter. The Hedge Fund company now holds 6,000 shares of LMT which is valued at $1,584,900. Lockheed Martin Corporation makes up approx 0.77% of Doheny Asset Management Ca’s portfolio.Mark Sheptoff Financial Planning boosted its stake in LMT in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 2,436 shares of Lockheed Martin Corporation which is valued at $639,547. Lockheed Martin Corporation makes up approx 0.47% of Mark Sheptoff Financial Planning’s portfolio.State Treasurer State Of Michigan boosted its stake in LMT in the latest quarter, The investment management firm added 69,100 additional shares and now holds a total of 241,627 shares of Lockheed Martin Corporation which is valued at $62,061,895. Lockheed Martin Corporation makes up approx 0.47% of State Treasurer State Of Michigan’s portfolio.Cg Asset Management reduced its stake in LMT by selling 395 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 29,086 shares of LMT which is valued at $7,392,498. Lockheed Martin Corporation makes up approx 2.84% of Cg Asset Management’s portfolio.

Lockheed Martin Corporation closed down -0.14 points or -0.06% at $244.3 with 16,37,621 shares getting traded on Monday. Post opening the session at $245, the shares hit an intraday low of $244.04 and an intraday high of $246.08 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Lockheed Martin Corporation reported $3.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.39 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $2.93. The company had revenue of $12914.00 million for the quarter, compared to analysts expectations of $12576.52 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 EPS.

Investors should note that on Jun 23, 2016, Lockheed Martin Corporation announced a cash dividend of $1.6500. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 23, 2016.

Many Wall Street Analysts have commented on Lockheed Martin Corporation. JP Morgan Initiated Lockheed Martin Corporation on Aug 25, 2016 to “Neutral”, Price Target of the shares are set at $284.Goldman Resumed Lockheed Martin Corporation on Aug 24, 2016 to “Neutral”, Price Target of the shares are set at $245.Lockheed Martin Corporation was Downgraded by Berenberg to ” Hold” on May 31, 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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