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Lockheed Martin Corporation $LMT Shares Sold by Meiji Yasuda Asset Management Co Ltd.
Meiji Yasuda Asset Management Co Ltd. reduced its stake in Lockheed Martin (NYSE:LMT) by 43.3% during the third quarter, selling 4,016 shares and retaining 5,259 shares valued at $2.625 million. Despite missing EPS estimates, Lockheed Martin exceeded revenue expectations, reporting $20.32 billion against a $19.84 billion consensus. The company declared a quarterly dividend of $3.45, while analysts maintain a “Hold” rating with a consensus target price of $618.95.