Vedanta (VEDL) Downgraded By CLSA from “Buy”; Assetmark Raised Its Lockheed Martin Com (LMT) Position

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CLSA cut the shares of Vedanta (NYSE:VEDL) from a “Buy” rating to a “Sell” rating in a analysts report sent to clients and investors on Friday, 1 February.

Assetmark Inc increased Lockheed Martin Corp Com (LMT) stake by 13.42% reported in 2018Q3 SEC filing. Assetmark Inc acquired 2,332 shares as Lockheed Martin Corp Com (LMT)’s stock declined 7.60%. The Assetmark Inc holds 19,708 shares with $6.82M value, up from 17,376 last quarter. Lockheed Martin Corp Com now has $82.40 billion valuation. The stock decreased 0.68% or $1.98 during the last trading session, reaching $289.69. About 1.31M shares traded. Lockheed Martin Corporation (NYSE:LMT) has declined 5.10% since February 1, 2018 and is downtrending. It has underperformed by 5.10% the S&P500. Some Historical LMT News: 17/04/2018 – F-35 gets precision target engagement with Raytheon JSOW missile; 20/04/2018 – New home, but same worries, as NATO moves into glass and steel HQ; 20/04/2018 – Lockheed would need permission from the U.S. government to offer the sensitive military technology; 15/05/2018 – LMT DOD PACT MODIFIED,BOOSTING PACT VALUE TO $2.81B FROM $2.79B; 05/03/2018 Lockheed Martin and Remediant partner to protect sensitive information; 12/03/2018 – Top procurement official quits German defence ministry; 10/04/2018 – Airbus, Lockheed Rush to Tap India’s $620B Defense Market (Video); 17/04/2018 – ANNOUNCEMENT OF TRUMP ADMINISTRATION’S NEW WEAPONS EXPORT POLICY SCHEDULED FOR THURSDAY – INDUSTRY; 19/04/2018 – LOCKHEED MARTIN – SIGNED AGREEMENT TO SUPPLY ABOUT 17 MWH OF GRIDSTA LITHIUM ENERGY STORAGE SYSTEMS TO PEAK POWER INC; 12/03/2018 – Lockheed Martin Completes Acceptance Test of First TPS-77 MRR

Since November 7, 2018, it had 0 insider buys, and 1 insider sale for $3.46 million activity. Tanner Bruce L also sold $3.46 million worth of Lockheed Martin Corporation (NYSE:LMT) on Wednesday, November 7.

Assetmark Inc decreased Vanguard Index Fds Mcap Vl Idxvip (VOE) stake by 79,092 shares to 501,232 valued at $56.67 million in 2018Q3. It also reduced Ishares Tr Glb Infrastr Etf (IGF) stake by 10,259 shares and now owns 144,944 shares. Spdr Index Shs Fds S&P Gblinf Etf was reduced too.

Among 9 analysts covering Lockheed Martin (NYSE:LMT), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Lockheed Martin had 12 analyst reports since August 16, 2018 according to SRatingsIntel. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, January 10 report. The rating was maintained by Credit Suisse on Wednesday, October 3 with “Neutral”. The company was maintained on Monday, January 14 by Citigroup. On Tuesday, December 4 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The stock of Lockheed Martin Corporation (NYSE:LMT) earned “Buy” rating by Vertical Research on Thursday, January 10. Goldman Sachs upgraded Lockheed Martin Corporation (NYSE:LMT) rating on Wednesday, October 24. Goldman Sachs has “Conviction Buy” rating and $394 target. The stock has “Overweight” rating by Morgan Stanley on Wednesday, November 14. JP Morgan maintained the shares of LMT in report on Wednesday, October 24 with “Neutral” rating. The firm earned “Overweight” rating on Thursday, October 11 by Morgan Stanley. On Wednesday, October 24 the stock rating was maintained by Credit Suisse with “Neutral”.

Investors sentiment increased to 1.17 in 2018 Q3. Its up 0.12, from 1.05 in 2018Q2. It increased, as 40 investors sold LMT shares while 373 reduced holdings. 122 funds opened positions while 362 raised stakes. 214.43 million shares or 0.52% less from 215.56 million shares in 2018Q2 were reported. National Bank & Trust Of Nova Scotia has 0.11% invested in Lockheed Martin Corporation (NYSE:LMT) for 70,830 shares. Westover Cap Limited Liability Corp holds 681 shares. Brinker Cap holds 13,913 shares. Focused Wealth has 176 shares. Wetherby Asset Mngmt Inc invested in 3,999 shares or 0.17% of the stock. Carroll Fincl Assocs has invested 0.02% in Lockheed Martin Corporation (NYSE:LMT). Mcf Ltd Liability Co stated it has 1,091 shares or 0.07% of all its holdings. Strategy Asset Managers Ltd Liability Co holds 41,077 shares or 0% of its portfolio. King Luther Capital Mngmt Corporation owns 4,485 shares or 0.01% of their US portfolio. Mark Sheptoff Fin Planning Lc stated it has 0.96% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). First Retail Bank stated it has 0.43% in Lockheed Martin Corporation (NYSE:LMT). Cambridge Co has invested 0.02% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). First Interstate Bancorporation reported 598 shares or 0.04% of all its holdings. Exane Derivatives reported 3,649 shares stake. Invsts Asset Mngmt Of Georgia Ga Adv holds 4,930 shares.

More notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Seekingalpha.com which released: “Lockheed Martin Q4 2018 Earnings Preview – Seeking Alpha” on January 28, 2019, also Seekingalpha.com with their article: “Lockheed dips after slight beat, weaker forecast – Seeking Alpha” published on January 29, 2019, Seekingalpha.com published: “Germany considers purchase of 45 Boeing F/A-18 jets in blow to Lockheed – Seeking Alpha” on January 31, 2019. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Bizjournals.com and their article: “Lockheed sees a record finish for 2018, but another government shutdown may dampen plans – Orlando Business Journal” published on January 31, 2019 as well as Seekingalpha.com‘s news article titled: “Defense stocks rise as Trump unveils missile strategy – Seeking Alpha” with publication date: January 17, 2019.

Vedanta Limited operates as a diversified natural resources firm in India. The company has market cap of $10.27 billion. The firm produces gas and oil, zinc, lead, silver, iron ore, copper, and aluminum. It has a 9.19 P/E ratio. It also operates 1,980 megawatts thermal coal commercial power facilities; a 600 MW thermal coal commercial power facility in Jharsuguda; a 600 MW thermal coal- based commercial power facility in Korba; 274 MW wind power plants; and a 100 MW power plant.

The stock decreased 0.09% or $0.01 during the last trading session, reaching $11.17. About 659,445 shares traded or 9.72% up from the average. Vedanta Limited (NYSE:VEDL) has declined 41.58% since February 1, 2018 and is downtrending. It has underperformed by 41.58% the S&P500. Some Historical VEDL News: 23/05/2018 – VEDANTA RESOURCES PLC VED.L SAYS ON TRACK FOR RAMP-UP OF MINED METAL TO 1.2MT BY FY2020 FOR ZINC INDIA; 15/05/2018 – Miner Vedanta appoints South African Naidoo to lead African operations; 16/04/2018 – VEDANTA RES PLC – APPOINTMENT OF CEO AND EXECUTIVE DIRECTOR; 15/05/2018 – VEDANTA RESOURCES PLC VED.L SAYS APPOINTMENT OF DESHNEE NAIDOO, AS THE CHIEF EXECUTIVE OFFICER — AFRICA BASE METALS; 10/04/2018 – VEDANTA’S ANIL AGARWAL SPEAKS ON ALUMINUM TO BLOOMBERGQUINT; 23/05/2018 – VEDANTA RESOURCES PLC VED.L – PERFORMANCE IN FY2019 WILL BE EVEN STRONGER; 23/05/2018 – VEDANTA RESOURCES PLC VED.L SAYS FY EBITDA AT US$4.1 BLN, UP 27%; 28/05/2018 – Indian state vows to permanently shut Vedanta copper plant; 17/04/2018 – VEDANTA LTD – PURSUANT TO THE RESOLUTION PLAN, A WHOLLY-OWNED UNIT OF CO WILL SUBSCRIBE SHARE CAPITAL OF ELECTROSTEEL FOR INR 18.05 BLN; 03/05/2018 – VEDANTA LTD VDAN.NS SAYS CAPEX GUIDANCE AT ABOUT $1.5 BLN FOR FY 2019

Lockheed Martin Corporation (NYSE:LMT) Institutional Positions Chart

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