Lockheed Martin Corporation (LMT) : Mig Capital reduced its stake in Lockheed Martin Corporation by 0.34% during the most recent quarter end. The investment management company now holds a total of 1,177 shares of Lockheed Martin Corporation which is valued at $310,905 after selling 4 shares in Lockheed Martin Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Lockheed Martin Corporation makes up approximately 0.06% of Mig Capital’s portfolio.
Other Hedge Funds, Including , New England Asset Management Inc reduced its stake in LMT by selling 1,420 shares or 12.46% in the most recent quarter. The Hedge Fund company now holds 9,980 shares of LMT which is valued at $2,636,217. Lockheed Martin Corporation makes up approx 0.08% of New England Asset Management Inc’s portfolio.Winslow Capital Management reduced its stake in LMT by selling 493,341 shares or 31.02% in the most recent quarter. The Hedge Fund company now holds 1,097,106 shares of LMT which is valued at $289,800,550. Lockheed Martin Corporation makes up approx 1.11% of Winslow Capital Management’s portfolio.Point View Wealth Management reduced its stake in LMT by selling 68 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 9,563 shares of LMT which is valued at $2,489,153. Lockheed Martin Corporation makes up approx 1.47% of Point View Wealth Management’s portfolio.Trust Co Of Vermont boosted its stake in LMT in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 8,680 shares of Lockheed Martin Corporation which is valued at $2,227,896. Lockheed Martin Corporation makes up approx 0.29% of Trust Co Of Vermont’s portfolio.
Lockheed Martin Corporation closed down -1.63 points or -0.67% at $241.37 with 1,245,871 shares getting traded on Wednesday. Post opening the session at $242.16, the shares hit an intraday low of $241.15 and an intraday high of $243 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.
Many Wall Street Analysts have commented on Lockheed Martin Corporation. Lockheed Martin Corporation was Resumed by Citigroup to “Buy” on Sep 6, 2016. 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 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.