Welch Group LLC Has Upped Holding in Lockheed Martin Corp (LMT) by $4.90 Million as Stock Declined

August 12, 2018 - By Patrick Harkless

Lockheed Martin Corporation (NYSE:LMT) LogoInvestors sentiment decreased to 0.95 in 2018 Q1. 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. Fincl Counselors reported 18,410 shares. Price T Rowe Associate Md holds 425,863 shares or 0.02% of its portfolio. Maple Management reported 3,568 shares. Amica Pension Fund Board Of Trustees holds 11,743 shares or 0.54% of its portfolio. Comml Bank stated it has 0.31% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). Bluemountain Capital Limited reported 48,262 shares. Laurel Grove Limited Liability Com, a California-based fund reported 24,510 shares. Foundry Prns Lc holds 661 shares or 0.01% of its portfolio. Deutsche Bankshares Ag reported 729,267 shares. Artemis Inv Mgmt Ltd Liability Partnership stated it has 0% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). Jones Collombin Inv Counsel invested 1.12% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). 6,445 were reported by Lmr Ptnrs Limited Liability Partnership. Sandy Spring Fincl Bank has 1,835 shares for 0.05% of their portfolio. Manchester Capital Mgmt Limited accumulated 499 shares. Wisconsin-based State Of Wisconsin Invest Board has invested 0.26% in Lockheed Martin Corporation (NYSE:LMT).

Since July 25, 2018, it had 0 insider purchases, and 2 sales for $10.44 million activity. HEWSON MARILLYN A had sold 25,000 shares worth $8.09 million on Friday, July 27.

Welch Group Llc increased its stake in Lockheed Martin Corp (LMT) by 22.76% based on its latest 2018Q1 regulatory filing with the SEC. Welch Group Llc bought 14,527 shares as the company’s stock declined 10.57% with the market. The institutional investor held 78,367 shares of the military and government and technical company at the end of 2018Q1, valued at $26.48M, up from 63,840 at the end of the previous reported quarter. Welch Group Llc who had been investing in Lockheed Martin Corp for a number of months, seems to be bullish on the $89.41 billion market cap company. The stock decreased 0.82% or $2.59 during the last trading session, reaching $313.12. About 1.08 million shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 13.73% since August 12, 2017 and is uptrending. It has outperformed by 1.16% the S&P500.

Welch Group Llc, which manages about $645.12M and $789.75 million US Long portfolio, decreased its stake in S P D R Trust Unit Sr (SPY) by 15,703 shares to 31,630 shares, valued at $8.32 million in 2018Q1, according to the filing.

More notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Bizjournals.com which released: “Lockheed Martin secures $450.7M contract to build warships” on July 17, 2018, also Fool.com with their article: “Better Buy: Huntington Ingalls Industries, Inc. vs. Lockheed Martin Corporation” published on August 05, 2018, Seekingalpha.com published: “Japan picks Lockheed radar for Aegis batteries” on July 30, 2018. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Seekingalpha.com and their article: “Lockheed Martin: Pension Problems Ahead?” published on July 17, 2018 as well as Bizjournals.com‘s news article titled: “Lockheed Martin, Raytheon, Boeing and more DFW defense contractors awarded millions” with publication date: August 01, 2018.

Lockheed Martin Corporation (NYSE:LMT) Ratings Coverage

Among 8 analysts covering Lockheed Martin (NYSE:LMT), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Lockheed Martin had 12 analyst reports since February 23, 2018 according to SRatingsIntel. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Hold” rating given on Tuesday, May 22 by Credit Suisse. The firm earned “Outperform” rating on Wednesday, July 25 by Cowen & Co. The stock has “Neutral” rating by Credit Suisse on Wednesday, July 25. The rating was maintained by RBC Capital Markets with “Hold” on Friday, April 6. The firm has “Buy” rating given on Wednesday, July 25 by Bank of America. Morgan Stanley maintained the shares of LMT in report on Friday, February 23 with “Overweight” rating. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Buy” rating given on Wednesday, July 25 by Stifel Nicolaus. On Thursday, April 12 the stock rating was maintained by Morgan Stanley with “Overweight”. Morgan Stanley maintained Lockheed Martin Corporation (NYSE:LMT) on Thursday, July 12 with “Overweight” rating. Berenberg upgraded the stock to “Buy” rating in Thursday, July 26 report.

Lockheed Martin Corporation (NYSE:LMT) Institutional Positions Chart

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