Lockheed Martin Corp (LMT) Share Value Declined While Marsico Capital Management LLC Decreased Position by $13.35 Million

June 14, 2018 - By Kenneth Lin

Lockheed Martin Corporation (NYSE:LMT) LogoInvestors sentiment decreased to 0.95 in Q1 2018. Its down 0.23, from 1.18 in 2017Q4. It is negative, as 43 investors sold LMT shares while 441 reduced holdings. 99 funds opened positions while 359 raised stakes. 216.82 million shares or 0.95% less from 218.89 million shares in 2017Q4 were reported. Numerixs Investment Technologies Inc owns 500 shares or 0.04% of their US portfolio. Lederer Associate Investment Counsel Ca holds 1.55% or 5,087 shares in its portfolio. Davenport & Limited Liability Corporation reported 0% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). Wg Shaheen & Assocs Dba Whitney & holds 0.03% or 344 shares. Cibc Ww Incorporated holds 0.41% or 292,963 shares in its portfolio. Bradley Foster Sargent Ct stated it has 20,186 shares. Reilly Advsrs Ltd Liability Corporation reported 1.48% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). First Republic Invest Management holds 0.51% or 189,674 shares in its portfolio. Perigon Wealth Limited Company accumulated 7,837 shares. Wealthfront holds 14,551 shares or 0.05% of its portfolio. Signalpoint Asset Mgmt Ltd Liability Co holds 0.11% or 657 shares. Geode Cap Mngmt Limited Liability Com holds 0.3% or 2.76M shares in its portfolio. South Texas Money Mngmt Limited holds 0.04% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 2,264 shares. Panagora Asset Mngmt holds 0.53% in Lockheed Martin Corporation (NYSE:LMT) or 394,960 shares. Sawgrass Asset Mgmt Ltd Llc reported 1.69% in Lockheed Martin Corporation (NYSE:LMT).

Since January 29, 2018, it had 0 insider buys, and 2 sales for $9.28 million activity. 19,000 shares valued at $6.59 million were sold by HEWSON MARILLYN A on Monday, January 29.

Marsico Capital Management Llc decreased its stake in Lockheed Martin Corp (LMT) by 9.7% based on its latest 2018Q1 regulatory filing with the SEC. Marsico Capital Management Llc sold 39,610 shares as the company’s stock declined 10.57% with the market. The institutional investor held 368,726 shares of the military and government and technical company at the end of 2018Q1, valued at $124.60 million, down from 408,336 at the end of the previous reported quarter. Marsico Capital Management Llc who had been investing in Lockheed Martin Corp for a number of months, seems to be less bullish one the $88.71B market cap company. The stock decreased 1.17% or $3.68 during the last trading session, reaching $310.67. About 775,808 shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 13.73% since June 14, 2017 and is uptrending. It has outperformed by 1.16% the S&P500.

Marsico Capital Management Llc, which manages about $17.14B and $2.66B US Long portfolio, upped its stake in Ryanair Hldgs Plc by 58,694 shares to 206,521 shares, valued at $25.37M in 2018Q1, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 102,993 shares in the quarter, for a total of 181,575 shares, and has risen its stake in Interxion Holding N.V (NYSE:INXN).

Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on July, 17. They expect $3.86 earnings per share, up 19.50 % or $0.63 from last year’s $3.23 per share. LMT’s profit will be $1.10 billion for 20.12 P/E if the $3.86 EPS becomes a reality. After $4.02 actual earnings per share reported by Lockheed Martin Corporation for the previous quarter, Wall Street now forecasts -3.98 % negative EPS growth.

More notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Seekingalpha.com which released: “Pentagon awards US Navy contracts to Boeing, Lockheed” on June 08, 2018, also Prnewswire.com with their article: “Lockheed Martin Selects Raytheon to Deliver Next Generation F-35 Sensor System” published on June 13, 2018, Bizjournals.com published: “Missiles and Hawkeyes: Lockheed Martin, Northrop Grumman secure $162.5M in local work” on June 06, 2018. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Seekingalpha.com and their article: “F-35 used in combat for first time” published on May 22, 2018 as well as Bizjournals.com‘s news article titled: “Space Coast job growth surges as aerospace and rocket firms take off” with publication date: May 24, 2018.

Lockheed Martin Corporation (NYSE:LMT) Ratings Coverage

Among 11 analysts covering Lockheed Martin Corp (NYSE:LMT), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Lockheed Martin Corp had 17 analyst reports since January 8, 2018 according to SRatingsIntel. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Buy” rating given on Monday, January 8 by Stifel Nicolaus. The company was maintained on Monday, February 5 by Buckingham Research. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Hold” rating given on Tuesday, January 30 by Bernstein. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Overweight” rating given on Friday, February 23 by Morgan Stanley. The firm earned “Overweight” rating on Thursday, April 12 by Morgan Stanley. The rating was downgraded by Wells Fargo on Tuesday, January 16 to “Market Perform”. The firm has “Hold” rating given on Tuesday, January 30 by Wells Fargo. The firm has “Buy” rating given on Tuesday, January 30 by Citigroup. The firm earned “Hold” rating on Monday, January 29 by Jefferies. The firm earned “Hold” rating on Tuesday, January 30 by Credit Suisse.

Lockheed Martin Corporation (NYSE:LMT) Institutional Positions Chart

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