Finemark National Bank Trust buys $10,416,275 stake in Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation (LMT) : Finemark National Bank Trust scooped up 1,955 additional shares in Lockheed Martin Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 39,675 shares of Lockheed Martin Corporation which is valued at $10,416,275.Lockheed Martin Corporation makes up approximately 1.12% of Finemark National Bank Trust’s portfolio.

Other Hedge Funds, Including , Feltz Wealth Plan boosted its stake in LMT in the latest quarter, The investment management firm added 438 additional shares and now holds a total of 662 shares of Lockheed Martin Corporation which is valued at $173,801. Lockheed Martin Corporation makes up approx 0.01% of Feltz Wealth Plan’s portfolio.Baring Asset Management Ltd boosted its stake in LMT in the latest quarter, The investment management firm added 956 additional shares and now holds a total of 29,250 shares of Lockheed Martin Corporation which is valued at $7,434,180. Lockheed Martin Corporation makes up approx 0.59% of Baring Asset Management Ltd’s portfolio.Eagle Ridge Investment Management boosted its stake in LMT in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 1,198 shares of Lockheed Martin Corporation which is valued at $308,257. Lockheed Martin Corporation makes up approx 0.07% of Eagle Ridge Investment Management’s portfolio.Sonora Investment Management boosted its stake in LMT in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 2,944 shares of Lockheed Martin Corporation which is valued at $754,518. Lockheed Martin Corporation makes up approx 0.42% of Sonora Investment Management’s portfolio. Franklin Street Advisors Inc Nc added LMT to its portfolio by purchasing 1,251 company shares during the most recent quarter which is valued at $320,131. Lockheed Martin Corporation makes up approx 0.06% of Franklin Street Advisors Inc Nc’s portfolio.

Lockheed Martin Corporation opened for trading at $264.22 and hit $266.93 on the upside on Monday, eventually ending the session at $266.5, with a gain of 0.89% or 2.35 points. The heightened volatility saw the trading volume jump to 91,43,820 shares. Company has a market cap of $80,724 M.

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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