BlackRock Amends Lockheed Martin Stake, Signals Passive Investment
Ticker: LMT · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 936468
| Field | Detail |
|---|---|
| Company | Lockheed Martin CORP (LMT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, defense-sector
TL;DR
**BlackRock updated its Lockheed Martin stake, still a passive holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Lockheed Martin Corporation's common stock as of December 31, 2023. This filing, Amendment No. 10, updates previous disclosures about BlackRock's passive investment in the defense contractor. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or investment strategy for a company like Lockheed Martin.
Why It Matters
This filing confirms BlackRock's continued significant, but passive, ownership in Lockheed Martin, which can influence market perception and stability for the stock.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note that BlackRock's continued passive ownership suggests a long-term, hands-off investment approach in Lockheed Martin, implying stability rather than an impending strategic shift or activist involvement.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- LOCKHEED MARTIN CORP (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 10 (number) — the specific amendment number of the filing
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that a passive institutional investor, like BlackRock Inc., is reporting or updating its beneficial ownership of 5% or more of a company's stock, in this case, Lockheed Martin Corporation.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major asset management firm based out of 50 Hudson Yards, New York, NY.
Which company's stock is the subject of this filing?
The subject company is LOCKHEED MARTIN CORPORATION, identified by CIK 0000936468 and CUSIP 539830109.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.
What rule under the Securities Exchange Act of 1934 is BlackRock Inc. filing under?
BlackRock Inc. is filing under Rule 13d-1(b) of the Securities Exchange Act of 1934, which is designated by the 'X' in the appropriate box on the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding LOCKHEED MARTIN CORP (LMT).