Northwestern Mutual Wealth Management Company Increases Holding in Lockheed Martin Corp (LMT)

September 30, 2018 - By Mary Kidd

Lockheed Martin Corporation (NYSE:LMT) LogoInvestors sentiment increased to 1.05 in 2018 Q2. Its up 0.10, from 0.95 in 2018Q1. It improved, as 66 investors sold LMT shares while 384 reduced holdings. 101 funds opened positions while 370 raised stakes. 215.56 million shares or 0.58% less from 216.82 million shares in 2018Q1 were reported. Cypress Capital Grp Inc holds 48,656 shares. Marketfield Asset Limited Liability Corp accumulated 18,193 shares. 1.60 million were reported by Goldman Sachs Gp. Exane Derivatives stated it has 0% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). First National Bank & Trust & Co Of Newtown reported 4,663 shares. Proshare Lc has invested 0.07% in Lockheed Martin Corporation (NYSE:LMT). Willis Invest Counsel holds 1.07% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 49,400 shares. Geode Capital Management Ltd stated it has 2.83M shares. Hyman Charles D, Florida-based fund reported 32,667 shares. Usca Ria Ltd Llc owns 840 shares. Barrett Asset Mngmt Ltd holds 300 shares. Foster Dykema Cabot & Ma reported 0.05% in Lockheed Martin Corporation (NYSE:LMT). First Interstate Comml Bank owns 0.04% invested in Lockheed Martin Corporation (NYSE:LMT) for 598 shares. Paradigm Asset Management Lc reported 7,770 shares. Ny State Teachers Retirement Sys holds 0.29% or 404,515 shares in its portfolio.

Since July 25, 2018, it had 0 buys, and 2 selling transactions for $10.44 million activity. $8.09M worth of Lockheed Martin Corporation (NYSE:LMT) was sold by HEWSON MARILLYN A.

Northwestern Mutual Wealth Management Company increased its stake in Lockheed Martin Corp (LMT) by 143.97% based on its latest 2018Q2 regulatory filing with the SEC. Northwestern Mutual Wealth Management Company bought 33,848 shares as the company’s stock rose 3.48% with the market. The institutional investor held 57,359 shares of the military and government and technical company at the end of 2018Q2, valued at $16.96 million, up from 23,511 at the end of the previous reported quarter. Northwestern Mutual Wealth Management Company who had been investing in Lockheed Martin Corp for a number of months, seems to be bullish on the $97.98 billion market cap company. The stock decreased 0.03% or $0.09 during the last trading session, reaching $345.96. About 1.83M shares traded or 49.40% up from the average. Lockheed Martin Corporation (NYSE:LMT) has risen 7.10% since September 30, 2017 and is uptrending. It has underperformed by 8.52% the S&P500.

Northwestern Mutual Wealth Management Company, which manages about $17.85B US Long portfolio, decreased its stake in Spdr Ser Tr by 85,160 shares to 2.07 million shares, valued at $99.33 million in 2018Q2, according to the filing. It also reduced its holding in 3M Co (NYSE:MMM) by 40,739 shares in the quarter, leaving it with 87,516 shares, and cut its stake in Lowes Cos Inc (NYSE:LOW).

More notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Bizjournals.com which released: “Drones, virtual reality, robots: See inside Lockheed Martin’s new Innovation Center in Orlando” on September 26, 2018, also Fool.com with their article: “Boeing Keeps Defense Momentum Going With $2.4 Billion Win Over Lockheed” published on September 28, 2018, Bizjournals.com published: “Lockheed Martin Space lands $7.2B deal to keep building Air Force GPS satellites” on September 17, 2018. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Bizjournals.com and their article: “Lockheed Martin makes offers to 800 people at latest Fort Worth hiring event” published on September 19, 2018 as well as Bizjournals.com‘s news article titled: “Lockheed’s Orlando Innovation Center to pull in new defense work, more jobs” with publication date: September 27, 2018.

Lockheed Martin Corporation (NYSE:LMT) Ratings Coverage

Among 8 analysts covering Lockheed Martin Corp (NYSE:LMT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Lockheed Martin Corp had 11 analyst reports since April 6, 2018 according to SRatingsIntel. Stifel Nicolaus maintained the shares of LMT in report on Wednesday, July 25 with “Buy” rating. On Wednesday, July 25 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was maintained by Morgan Stanley on Thursday, April 12 with “Overweight”. The rating was upgraded by Cowen & Co to “Outperform” on Wednesday, July 25. The stock has “Buy” rating by Berenberg on Thursday, July 26. Morgan Stanley maintained the shares of LMT in report on Thursday, July 12 with “Overweight” rating. Credit Suisse maintained Lockheed Martin Corporation (NYSE:LMT) on Wednesday, July 25 with “Neutral” rating. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Hold” rating given on Tuesday, May 22 by Credit Suisse. Bank of America maintained the stock with “Buy” rating in Wednesday, July 25 report. The firm has “Hold” rating given on Friday, April 6 by RBC Capital Markets.

Lockheed Martin Corporation (NYSE:LMT) Institutional Positions Chart

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