Korea Investment CORP Cuts Stake in Lockheed Martin Corporation $LMT

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Korea Investment CORP reduced its stake in Lockheed Martin (NYSE:LMT) by 15.8% during the third quarter, selling 28,112 shares and holding 149,638 shares valued at $74.7 million. Despite this, other institutional investors like Vanguard Group Inc. and Geode Capital Management LLC increased their positions. Analysts currently have a “Hold” rating on Lockheed Martin with an average price target of $618.95, while the company recently announced a quarterly dividend of $3.45 per share.

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