State Street Amends Lockheed Martin Stake, Signals Passive Holding
Ticker: LMT · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 936468
| Field | Detail |
|---|---|
| Company | Lockheed Martin CORP (LMT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Lockheed Martin, no major changes, just a routine update.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership of Lockheed Martin Corp. common stock as of December 31, 2023. This filing indicates State Street's passive investment in Lockheed Martin, a defense contractor, and is important for investors as it shows a significant institutional holder maintaining its position, potentially signaling confidence in the stock's long-term value.
Why It Matters
This filing confirms State Street Corporation's continued significant, yet passive, ownership in Lockheed Martin, which can reassure investors about institutional confidence in the company.
Risk Assessment
Risk Level: low — This is a routine amendment by an institutional investor, indicating no immediate change in investment strategy or significant risk to the stock.
Analyst Insight
Investors should note that a major institutional holder like State Street is maintaining its position, which can be a sign of stability, but this filing alone doesn't suggest any immediate catalysts for price movement.
Key Numbers
- 539830109 — CUSIP Number (identifies Lockheed Martin Corp. common stock)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Lockheed Martin Corp (company) — the subject company whose stock is being reported
- 0000093751-24-000453 (dollar_amount) — accession number for the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- State Street Corporation will maintain its passive investment in Lockheed Martin Corp. for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-01-30
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to a previously reported beneficial ownership stake.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, with an IRS Identification No. of 04-2456637, located at 1 Congress Street, Boston, MA.
What is the subject company whose shares are being reported?
The subject company is LOCKHEED MARTIN CORP, identified by CUSIP Number 539830109, with its business address at 6801 Rockledge Dr, Bethesda, MD.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as stated on the cover page of the filing.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding LOCKHEED MARTIN CORP (LMT).