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MGB Wealth and Natixis increased stakes in Lockheed Martin, which reported slightly below-expectations earnings and raised its quarterly dividend.
MGB Wealth Management LLC increased its stake in Lockheed Martin by 87.3% in the third quarter, holding 2,411 shares worth $1.2 million, while Natixis boosted its position by 1,478.6%.
The company reported fourth-quarter earnings of $5.80 per share, slightly below expectations, with revenue rising 9.1% year-over-year to $20.32 billion.
Lockheed Martin announced a quarterly dividend of $3.45, payable March 2 to shareholders of record, with an annualized yield of 2.2%.
Analysts maintain a consensus "Hold" rating, with an average price target of $612.50.
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MGB Wealth y Natixis aumentaron su participación en Lockheed Martin, que reportó ganancias ligeramente por debajo de las expectativas y aumentó su dividendo trimestral.