Vanguard Group Inc. reduced its stake in Lockheed Martin Corporation by 1.9% in the third quarter, selling 408,877 shares, though still holding 9.20% of the company worth over $10.6 billion. Other institutional investors showed mixed activity, with some increasing and others initiating stakes. Lockheed Martin recently reported quarterly EPS of $5.80, missing consensus, but revenue rose 9.1% to $20.32 billion, and the company announced a quarterly dividend of $3.45 per share.
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Lockheed Martin Corporation $LMT Shares Sold by Vanguard Group Inc.
Vanguard Group Inc. reduced its stake in Lockheed Martin Corporation by 1.9% in the third quarter, selling 408,877 shares, though still holding 9.20% of the company worth over $10.6 billion. Other institutional investors showed mixed activity, with some increasing and others initiating stakes. Lockheed Martin recently reported quarterly EPS of $5.80, missing consensus, but revenue rose 9.1% to $20.32 billion, and the company announced a quarterly dividend of $3.45 per share.