Fifth Third Bancorp recently reduced its stake in Lockheed Martin (LMT) by 5.5% in Q3, selling 4,301 shares, though institutional investors collectively hold a significant portion of the company’s stock. Lockheed Martin reported disappointing Q3 EPS at $5.80 against an estimated $6.33, but revenue exceeded expectations at $20.32 billion, a 9.1% year-over-year increase. The company also declared a quarterly dividend of $3.45, reflecting an annualized yield of 2.1%.
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Lockheed Martin Corporation $LMT Shares Sold by Fifth Third Bancorp
Fifth Third Bancorp recently reduced its stake in Lockheed Martin (LMT) by 5.5% in Q3, selling 4,301 shares, though institutional investors collectively hold a significant portion of the company’s stock. Lockheed Martin reported disappointing Q3 EPS at $5.80 against an estimated $6.33, but revenue exceeded expectations at $20.32 billion, a 9.1% year-over-year increase. The company also declared a quarterly dividend of $3.45, reflecting an annualized yield of 2.1%.