Yacktman Asset Management LP Sells 2,408 Shares of Lockheed Martin Corporation $LMT

Yacktman Asset Management LP reduced its stake in Lockheed Martin Corporation by 1.1% in the fourth quarter, selling 2,408 shares and retaining 214,473 shares valued at approximately $103.7 million. This move comes as Lockheed Martin missed Wall Street’s EPS and revenue expectations in its latest earnings report, contributing to recent stock weakness. Despite mixed analyst sentiment, geopolitical tensions and new defense spending are expected to support long-term demand for the defense contractor.

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