Sapphire Star Partners Lp adds Lockheed Martin Corporation (LMT) to its portfolio

Lockheed Martin Corporation (LMT) : Sapphire Star Partners Lp added new position in Lockheed Martin Corporation during the most recent quarter end. The investment management firm now holds 14,253 shares of Lockheed Martin Corporation which is valued at $3,764,930 , the company said in a statement filed on Aug 12, 2016 with the SEC.Lockheed Martin Corporation makes up approximately 4.27% of Sapphire Star Partners Lp’s portfolio.

Other Hedge Funds, Including , Vision Capital Management reduced its stake in LMT by selling 8,190 shares or 37.28% in the most recent quarter. The Hedge Fund company now holds 13,776 shares of LMT which is valued at $3,638,930. Lockheed Martin Corporation makes up approx 1.36% of Vision Capital Management’s portfolio.Cleararc Capital Inc boosted its stake in LMT in the latest quarter, The investment management firm added 562 additional shares and now holds a total of 11,546 shares of Lockheed Martin Corporation which is valued at $3,049,876. Lockheed Martin Corporation makes up approx 0.57% of Cleararc Capital Inc’s portfolio.Savant Capital boosted its stake in LMT in the latest quarter, The investment management firm added 192 additional shares and now holds a total of 1,626 shares of Lockheed Martin Corporation which is valued at $410,939. Lockheed Martin Corporation makes up approx 0.11% of Savant Capital’s portfolio.Highstreet Asset Management reduced its stake in LMT by selling 491 shares or 4.08% in the most recent quarter. The Hedge Fund company now holds 11,541 shares of LMT which is valued at $2,969,615. Lockheed Martin Corporation makes up approx 1.01% of Highstreet Asset Management’s portfolio.Gilman Hill Asset Management boosted its stake in LMT in the latest quarter, The investment management firm added 368 additional shares and now holds a total of 2,580 shares of Lockheed Martin Corporation which is valued at $663,860. Lockheed Martin Corporation makes up approx 0.26% of Gilman Hill 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.

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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