Lockheed Martin Corporation (LMT) : Wheatland Advisors Inc 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 1, 2016 with the SEC. The investment management company has sold out 910 shares of Lockheed Martin Corporation which is valued at $233,734.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in LMT by selling 24,604 shares or 4.23% in the most recent quarter. The Hedge Fund company now holds 556,551 shares of LMT which is valued at $142,950,124. Lockheed Martin Corporation makes up approx 0.30% of California State Teachers Retirement System’s portfolio.Wedge Capital Management L L Pnc boosted its stake in LMT in the latest quarter, The investment management firm added 6,611 additional shares and now holds a total of 167,634 shares of Lockheed Martin Corporation which is valued at $42,366,141. Lockheed Martin Corporation makes up approx 0.47% of Wedge Capital Management L L Pnc’s portfolio.Green Square Capital boosted its stake in LMT in the latest quarter, The investment management firm added 361 additional shares and now holds a total of 17,318 shares of Lockheed Martin Corporation which is valued at $4,401,543. Lockheed Martin Corporation makes up approx 1.06% of Green Square Capital’s portfolio. Quantres Asset Management Ltd sold out all of its stake in LMT during the most recent quarter. The investment firm sold 1,600 shares of LMT which is valued $411,696.Gradient Investments reduced its stake in LMT by selling 16,961 shares or 80.03% in the most recent quarter. The Hedge Fund company now holds 4,232 shares of LMT which is valued at $1,084,619. Lockheed Martin Corporation makes up approx 0.12% of Gradient Investments’s portfolio.
Lockheed Martin Corporation opened for trading at $257.65 and hit $258.78 on the upside on Thursday, eventually ending the session at $257.75, with a gain of 0.35% or 0.9 points. The heightened volatility saw the trading volume jump to 57,20,398 shares. Company has a market cap of $78,074 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.