Financial Partners Capital Management Exits Position in Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation (LMT) : Financial Partners Capital Management has sold out all of its stake in Lockheed Martin Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 4,171 shares of Lockheed Martin Corporation which is valued at $1,071,321.

Other Hedge Funds, Including , Texan Capital Management reduced its stake in LMT by selling 351 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 10,630 shares of LMT which is valued at $2,730,316. Lockheed Martin Corporation makes up approx 1.24% of Texan Capital Management’s portfolio.Standard Life Investments Ltd boosted its stake in LMT in the latest quarter, The investment management firm added 3,573 additional shares and now holds a total of 292,788 shares of Lockheed Martin Corporation which is valued at $74,414,998. Lockheed Martin Corporation makes up approx 0.33% of Standard Life Investments Ltd’s portfolio.Calamos Advisors reduced its stake in LMT by selling 146,093 shares or 31.23% in the most recent quarter. The Hedge Fund company now holds 321,735 shares of LMT which is valued at $81,772,168. Lockheed Martin Corporation makes up approx 0.74% of Calamos Advisors’s portfolio.Kanaly Trust Co reduced its stake in LMT by selling 23 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 703 shares of LMT which is valued at $180,889. Lockheed Martin Corporation makes up approx 0.04% of Kanaly Trust Co’s portfolio.

Lockheed Martin Corporation closed down -0.1 points or -0.04% at $260.19 with 87,43,439 shares getting traded on Monday. Post opening the session at $260, the shares hit an intraday low of $258.79 and an intraday high of $261.87 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. Lockheed Martin Corporation was Downgraded by Berenberg to ” Hold” on May 31, 2016. 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.

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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