Friday, June 22, 2018

Lockheed Martin shares down. Are investors seeing something many don't?

via Norman
Keystone Financial Planning Inc decreased its stake in Lockheed Martin (LMT) by 76.71% based on its latest 2018Q1 regulatory filing with the SEC. Keystone Financial Planning Inc sold 10,833 shares as the company’s stock declined 10.57% with the market. The institutional investor held 3,289 shares of the military and government and technical company at the end of 2018Q1, valued at $1.11M, down from 14,122 at the end of the previous reported quarter. Keystone Financial Planning Inc who had been investing in Lockheed Martin for a number of months, seems to be less bullish one the $85.77 billion market cap company.
 Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.23, from 1.18 in 2017Q4. It fall, as 43 investors sold LMT shares while 441 reduced holdings.
 Since January 29, 2018, it had 0 insider purchases, and 2 sales for $9.28 million activity. Another trade for 19,000 shares valued at $6.59M was made by HEWSON MARILLYN A on Monday, January 29.

Since January 3, 2018, it had 0 insider purchases, and 52 insider sales for $197.53 million activity. Another trade for 5,126 shares valued at $1.31M was made by FRIEDLAND JONATHAN on Tuesday, January 23. Shares for $363,000 were sold by WELLS DAVID B on Friday, June 1. 75,271 shares were sold by HASTINGS REED, worth $23.86M. 

Seems as if certain "big" investors and a few well placed insiders are starting to shed stock.

We think of defense programs as being about protecting a nation(s).  Wall Street only cares about money and don't care one bit about the survival of the West in a fight against China.

If the money is fleeing then what is the cause?

Is this the first indication of bad news coming out of Lockheed Martin?

No comments :

Post a Comment

Note: Only a member of this blog may post a comment.