Fairfield Bush & Company Lifted Lockheed Martin Corp. (LMT) Stake by $437,100; Shareholder Baupost Group Upped Cardinal Health (CAH) Holding

February 21, 2018 - By Moses P. Lee

Seth Klarman increased its stake in Cardinal Health Inc (CAH) by 24.63% based on its latest 2017Q3 regulatory filing with the SEC. Baupost Group Llc bought 500,000 shares as the company’s stock declined 8.93% while stock markets rallied. The hedge fund run by Seth Klarman held 2.53 million shares of the health care company at the end of 2017Q3, valued at $169.31 million, up from 2.03M at the end of the previous reported quarter. Baupost Group Llc who had been investing in Cardinal Health Inc for a number of months, seems to be bullish on the $21.80B market cap company. The stock increased 0.62% or $0.43 during the last trading session, reaching $69.27. About 448,013 shares traded. Cardinal Health, Inc. (NYSE:CAH) has declined 4.95% since February 21, 2017 and is downtrending. It has underperformed by 21.65% the S&P500.

Fairfield Bush & Company increased its stake in Lockheed Martin Corp. (LMT) by 73.44% based on its latest 2017Q3 regulatory filing with the SEC. Fairfield Bush & Company bought 1,410 shares as the company’s stock rose 2.80% with the market. The institutional investor held 3,330 shares of the military and government and technical company at the end of 2017Q3, valued at $1.03M, up from 1,920 at the end of the previous reported quarter. Fairfield Bush & Company who had been investing in Lockheed Martin Corp. for a number of months, seems to be bullish on the $102.80B market cap company. The stock increased 0.91% or $3.28 during the last trading session, reaching $361.97. About 332,867 shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since February 21, 2017 and is uptrending. It has underperformed by 2.51% the S&P500.

Since January 29, 2018, it had 0 buys, and 2 insider sales for $9.28 million activity. HEWSON MARILLYN A had sold 19,000 shares worth $6.59 million.

Fairfield Bush & Company, which manages about $437.54M and $320.07 million US Long portfolio, decreased its stake in Wells Fargo & Co (NYSE:WFC) by 32,724 shares to 130,528 shares, valued at $7.20 million in 2017Q3, according to the filing. It also reduced its holding in Csx Corp. (NYSE:CSX) by 6,000 shares in the quarter, leaving it with 25,300 shares, and cut its stake in Super Micro Computer Inc. (NASDAQ:SMCI).

Among 23 analysts covering Lockheed Martin Corporation (NYSE:LMT), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Lockheed Martin Corporation had 81 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, January 29 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Hold” rating on Monday, August 14 by Cowen & Co. On Wednesday, January 27 the stock rating was upgraded by Wolfe Research to “Outperform”. The rating was maintained by Citigroup on Wednesday, August 19 with “Buy”. The rating was maintained by RBC Capital Markets on Friday, August 25 with “Hold”. The company was initiated on Thursday, August 25 by JP Morgan. Jefferies maintained the stock with “Hold” rating in Monday, August 21 report. The company was initiated on Thursday, October 6 by Robert W. Baird. The firm has “Hold” rating given on Tuesday, January 23 by RBC Capital Markets. The firm has “Hold” rating by Stifel Nicolaus given on Friday, May 13.

Investors sentiment increased to 1.24 in 2017 Q3. Its up 0.17, from 1.07 in 2017Q2. It increased, as 43 investors sold LMT shares while 356 reduced holdings. 110 funds opened positions while 386 raised stakes. 221.38 million shares or 1.04% less from 223.70 million shares in 2017Q2 were reported. Calamos Advsrs Ltd Com holds 105,005 shares or 0.25% of its portfolio. Eaton Vance reported 0.1% stake. Parsons Cap Mgmt Ri accumulated 5,863 shares. Adage Prtn Ltd Com has 0.24% invested in Lockheed Martin Corporation (NYSE:LMT). Walleye Trading Limited Co accumulated 21,910 shares. Guggenheim Limited Co has 229,254 shares for 0.17% of their portfolio. Strategy Asset Managers Ltd Liability Company, New Jersey-based fund reported 45,783 shares. Moreover, St Germain D J has 0.07% invested in Lockheed Martin Corporation (NYSE:LMT). Cibc Asset Inc owns 0.05% invested in Lockheed Martin Corporation (NYSE:LMT) for 25,199 shares. Blackrock Inc holds 0.3% or 18.98M shares in its portfolio. North Dakota-based Viking Fund Mgmt Ltd Company has invested 0.89% in Lockheed Martin Corporation (NYSE:LMT). Zacks Inv reported 0.64% in Lockheed Martin Corporation (NYSE:LMT). Moreover, Jacobs Communication Ca has 0.04% invested in Lockheed Martin Corporation (NYSE:LMT) for 748 shares. Intact Invest Inc stated it has 0.32% in Lockheed Martin Corporation (NYSE:LMT). Veritable L P, Pennsylvania-based fund reported 21,000 shares.

Since January 22, 2018, it had 0 buys, and 2 insider sales for $3.27 million activity. MORRISON PATRICIA sold $1.89 million worth of stock or 28,532 shares.

Baupost Group Llc, which manages about $29.88 billion and $8.02B US Long portfolio, decreased its stake in Chipmos Technologies Inc by 461,563 shares to 3.05 million shares, valued at $58.89M in 2017Q3, according to the filing.

Investors sentiment increased to 0.9 in 2017 Q3. Its up 0.03, from 0.87 in 2017Q2. It increased, as 63 investors sold CAH shares while 229 reduced holdings. 64 funds opened positions while 198 raised stakes. 275.05 million shares or 0.51% more from 273.65 million shares in 2017Q2 were reported. Park National Oh, a Ohio-based fund reported 5,863 shares. Raymond James Assocs reported 513,145 shares. 209,550 are held by Country Bancorp. Shell Asset Mgmt has 114,338 shares for 0.14% of their portfolio. Quantbot Technology LP reported 0.18% of its portfolio in Cardinal Health, Inc. (NYSE:CAH). Donaldson Management Limited Company invested in 0.21% or 29,201 shares. Decatur Cap Mngmt Inc stated it has 1.56% of its portfolio in Cardinal Health, Inc. (NYSE:CAH). Loudon Mgmt Limited Liability Company holds 2.63% or 50,172 shares in its portfolio. Amica Retiree holds 0.16% or 3,099 shares. Acg Wealth has 5,353 shares. Murphy Cap Management Inc holds 0.03% of its portfolio in Cardinal Health, Inc. (NYSE:CAH) for 3,168 shares. First Fiduciary Invest Counsel Incorporated has invested 1.84% in Cardinal Health, Inc. (NYSE:CAH). Moreover, Norinchukin Bancorp The has 0.03% invested in Cardinal Health, Inc. (NYSE:CAH) for 24,214 shares. Arizona State Retirement Sys owns 104,600 shares for 0.08% of their portfolio. Cubist Systematic Strategies Limited Co owns 26,654 shares.

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By1 Moses P. Lee

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