Lockheed Martin Corporation (LMT) : Cordasco Financial Network reduced its stake in Lockheed Martin Corporation by 0.55% during the most recent quarter end. The investment management company now holds a total of 11,534 shares of Lockheed Martin Corporation which is valued at $2,931,481 after selling 64 shares in Lockheed Martin Corporation , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Lockheed Martin Corporation makes up approximately 3.28% of Cordasco Financial Network’s portfolio.
Other Hedge Funds, Including , Destination Wealth Management boosted its stake in LMT in the latest quarter, The investment management firm added 7,489 additional shares and now holds a total of 12,698 shares of Lockheed Martin Corporation which is valued at $3,227,324. Lockheed Martin Corporation makes up approx 0.26% of Destination Wealth Management’s portfolio.Goelzer Investment Management reduced its stake in LMT by selling 903 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 35,332 shares of LMT which is valued at $9,091,277. Lockheed Martin Corporation makes up approx 1.21% of Goelzer Investment Management’s portfolio.Eagle Asset Management Inc boosted its stake in LMT in the latest quarter, The investment management firm added 20,408 additional shares and now holds a total of 332,068 shares of Lockheed Martin Corporation which is valued at $85,231,894. Lockheed Martin Corporation makes up approx 0.57% of Eagle Asset Management Inc’s portfolio.Eqis Capital Management boosted its stake in LMT in the latest quarter, The investment management firm added 132 additional shares and now holds a total of 4,444 shares of Lockheed Martin Corporation which is valued at $1,138,953. Lockheed Martin Corporation makes up approx 0.07% of Eqis Capital Management’s portfolio.Alpha Windward reduced its stake in LMT by selling 62 shares or 5.32% in the most recent quarter. The Hedge Fund company now holds 1,104 shares of LMT which is valued at $278,098. Lockheed Martin Corporation makes up approx 0.20% of Alpha Windward’s portfolio.
Lockheed Martin Corporation closed down -1.82 points or -0.71% at $252.73 with 21,78,251 shares getting traded on Friday. Post opening the session at $254.5, the shares hit an intraday low of $252.7 and an intraday high of $254.81 and the price fluctuated in this range throughout the day.Shares ended Friday 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.