Goelzer Investment Management Lowers stake in Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation (LMT) : Goelzer Investment Management reduced its stake in Lockheed Martin Corporation by 2.49% during the most recent quarter end. The investment management company now holds a total of 35,332 shares of Lockheed Martin Corporation which is valued at $9,091,277 after selling 903 shares in Lockheed Martin Corporation , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Lockheed Martin Corporation makes up approximately 1.21% of Goelzer Investment Management’s portfolio.

Other Hedge Funds, Including , First National Bank Of Omaha boosted its stake in LMT in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 13,646 shares of Lockheed Martin Corporation which is valued at $3,502,519. Lockheed Martin Corporation makes up approx 0.26% of First National Bank Of Omaha’s portfolio. Premier Asset Managment sold out all of its stake in LMT during the most recent quarter. The investment firm sold 1,485 shares of LMT which is valued $381,155.Baxter Bros Inc boosted its stake in LMT in the latest quarter, The investment management firm added 1,635 additional shares and now holds a total of 3,033 shares of Lockheed Martin Corporation which is valued at $764,013. Lockheed Martin Corporation makes up approx 0.24% of Baxter Bros Inc’s portfolio.Triangle Securities Wealth Management reduced its stake in LMT by selling 15 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 1,179 shares of LMT which is valued at $296,990. Lockheed Martin Corporation makes up approx 0.22% of Triangle Securities Wealth Management’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.

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