Lockheed Martin (LMT) Valuation Rose While Synovus Financial Has Boosted Stake by $828,160; Wells Fargo Co New (WFC) Stock Declined While Obermeyer Wood Investment Counsel Lllp Has Lowered by $431,340 Its Position

May 21, 2018 - By Richard Conner

Lockheed Martin Corporation (NYSE:LMT) Logo

Obermeyer Wood Investment Counsel Lllp decreased its stake in Wells Fargo Co New (WFC) by 3.14% based on its latest 2017Q4 regulatory filing with the SEC. Obermeyer Wood Investment Counsel Lllp sold 7,189 shares as the company’s stock declined 16.98% with the market. The institutional investor held 221,826 shares of the major banks company at the end of 2017Q4, valued at $13.46 million, down from 229,015 at the end of the previous reported quarter. Obermeyer Wood Investment Counsel Lllp who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $265.55 billion market cap company. The stock increased 1.48% or $0.795 during the last trading session, reaching $54.495. About 9.32 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 21, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Synovus Financial Corp increased its stake in Lockheed Martin Corp (LMT) by 3.57% based on its latest 2017Q4 regulatory filing with the SEC. Synovus Financial Corp bought 2,588 shares as the company’s stock rose 6.55% while stock markets declined. The institutional investor held 75,054 shares of the military and government and technical company at the end of 2017Q4, valued at $24.08M, up from 72,466 at the end of the previous reported quarter. Synovus Financial Corp who had been investing in Lockheed Martin Corp for a number of months, seems to be bullish on the $92.51 billion market cap company. The stock increased 1.10% or $3.54 during the last trading session, reaching $323.99. About 767,874 shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 26.83% since May 21, 2017 and is uptrending. It has outperformed by 15.28% the S&P500.

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 85 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Tuesday, January 30 with “Buy”. As per Thursday, April 12, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating by Stifel Nicolaus given on Monday, November 14. The rating was maintained by Argus Research on Tuesday, July 21 with “Buy”. Credit Suisse maintained Lockheed Martin Corporation (NYSE:LMT) rating on Tuesday, January 30. Credit Suisse has “Hold” rating and $380.0 target. The firm has “Hold” rating by Jefferies given on Wednesday, July 19. Wells Fargo upgraded Lockheed Martin Corporation (NYSE:LMT) on Monday, September 19 to “Outperform” rating. The company was maintained on Thursday, October 22 by Argus Research. The rating was maintained by Jefferies with “Hold” on Monday, June 12. The firm has “Outperform” rating by Robert W. Baird given on Thursday, October 6.

Synovus Financial Corp, which manages about $5.73B US Long portfolio, decreased its stake in Starbucks Corp (NASDAQ:SBUX) by 10,179 shares to 150,854 shares, valued at $8.64 million in 2017Q4, according to the filing. It also reduced its holding in Southern Co (NYSE:SO) by 21,644 shares in the quarter, leaving it with 909,619 shares, and cut its stake in Csx Corp (NYSE:CSX).

Investors sentiment decreased to 1.18 in Q4 2017. Its down 0.06, from 1.24 in 2017Q3. It worsened, as 37 investors sold LMT shares while 381 reduced holdings. 103 funds opened positions while 390 raised stakes. 218.89 million shares or 1.12% less from 221.38 million shares in 2017Q3 were reported. Legal General Group Incorporated Public Ltd Com stated it has 1.20 million shares or 0.28% of all its holdings. Highland Cap Mgmt Limited holds 0.69% or 28,029 shares in its portfolio. Johnson Fin Gru owns 9,179 shares. Gam Holdg Ag reported 0.67% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). New York-based Goldman Sachs Grp has invested 0.14% in Lockheed Martin Corporation (NYSE:LMT). Envestnet Asset Mgmt Inc stated it has 0.05% in Lockheed Martin Corporation (NYSE:LMT). Sol accumulated 2,884 shares. Moreover, Peapack Gladstone has 0.03% invested in Lockheed Martin Corporation (NYSE:LMT) for 1,683 shares. Taurus Asset Mgmt Limited Liability Corporation reported 743 shares or 0.04% of all its holdings. Excalibur Mgmt invested in 0.32% or 1,176 shares. Moreover, Pictet Asset Ltd has 0.13% invested in Lockheed Martin Corporation (NYSE:LMT). Keystone Planning invested 2.42% in Lockheed Martin Corporation (NYSE:LMT). Citadel Advsr Ltd Company has invested 0.02% in Lockheed Martin Corporation (NYSE:LMT). Valley Natl Advisers reported 1,996 shares. Shine Advisory Services has 0.2% invested in Lockheed Martin Corporation (NYSE:LMT) for 1,222 shares.

More notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Seekingalpha.com which released: “Lockheed Martin: Opportunity On Price Drop” on April 27, 2018, also Seekingalpha.com with their article: “Lockheed Martin: The Time To Buy Is Now” published on May 21, 2018, Seekingalpha.com published: “Marines take possession of King Stallion” on May 17, 2018. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Prnewswire.com and their article: “Michele Evans Named Aeronautics Deputy Executive Vice President” published on May 21, 2018 as well as Bizjournals.com‘s news article titled: “F-35 double-down: Lockheed Martin snags another fighter jet deal with work in Orlando” with publication date: April 26, 2018.

Since January 29, 2018, it had 0 insider purchases, and 2 selling transactions for $9.28 million activity. 19,000 shares were sold by HEWSON MARILLYN A, worth $6.59 million.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. Sandler O’Neill upgraded the stock to “Buy” rating in Wednesday, September 2 report. The rating was maintained by Keefe Bruyette & Woods on Wednesday, April 4 with “Hold”. Susquehanna maintained it with “Hold” rating and $64.0 target in Thursday, January 4 report. The company was maintained on Thursday, June 22 by RBC Capital Markets. The firm has “Outperform” rating by FBR Capital given on Tuesday, September 27. The stock has “Sell” rating by J.P. Morgan on Monday, February 5. Buckingham Research maintained Wells Fargo & Company (NYSE:WFC) on Monday, April 16 with “Buy” rating. The stock has “Underweight” rating by Piper Jaffray on Friday, April 15. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, October 16. Morgan Stanley maintained the stock with “Overweight” rating in Friday, February 2 report.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Bizjournals.com which released: “Wells Fargo taps JPMorgan Chase exec as chief risk officer” on May 07, 2018, also Seekingalpha.com with their article: “Wells Fargo And Loan Demand” published on May 17, 2018, Seekingalpha.com published: “Wells Fargo: Buying Opportunity?” on April 25, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: 247Wallst.com and their article: “Well Fargo Renews Its Commitment to You After Rip-Offs” published on May 09, 2018 as well as 247Wallst.com‘s news article titled: “Well Fargo Renews Its Commitment to You After Rip-Offs (Update)” with publication date: May 09, 2018.

Obermeyer Wood Investment Counsel Lllp, which manages about $1.68B and $1.15 billion US Long portfolio, upped its stake in Coca Cola Co (NYSE:KO) by 9,725 shares to 34,896 shares, valued at $1.60 million in 2017Q4, according to the filing. It also increased its holding in Wen Hldg Inc by 16,645 shares in the quarter, for a total of 923,860 shares, and has risen its stake in Welbilt Inc.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46B for 12.16 P/E if the $1.12 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It is positive, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Trillium Asset Ltd Liability invested in 4,470 shares. Panagora Asset holds 0.34% or 1.48M shares in its portfolio. Greylin Inv Mangement stated it has 1.92% in Wells Fargo & Company (NYSE:WFC). Fca Tx accumulated 8,161 shares or 0.2% of the stock. Alexandria Capital holds 0.56% in Wells Fargo & Company (NYSE:WFC) or 62,923 shares. Boston Family Office Ltd Liability accumulated 0.12% or 18,553 shares. Grand Jean Cap Mgmt has invested 2.53% in Wells Fargo & Company (NYSE:WFC). Ancora Advsrs Limited Liability Com holds 0.4% or 123,241 shares in its portfolio. Finemark Fincl Bank owns 309,808 shares for 1.19% of their portfolio. Beese Fulmer Inv Management Inc stated it has 4,055 shares or 0.05% of all its holdings. The South Dakota-based South Dakota Investment Council has invested 1.92% in Wells Fargo & Company (NYSE:WFC). Wealthtrust Axiom Limited owns 17,640 shares. Cap Guardian Trust Co owns 731,647 shares for 0.63% of their portfolio. Commonwealth Of Pennsylvania School Empls Retrmt accumulated 0.33% or 396,418 shares. 2.31 million were accumulated by Haverford.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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