State Street Amends Lockheed Martin Stake, Signals Passive Holding

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

From the Filing

0000093751-24-000453.txt : 20240130 0000093751-24-000453.hdr.sgml : 20240130 20240130132102 ACCESSION NUMBER: 0000093751-24-000453 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240130 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LOCKHEED MARTIN CORP CENTRAL INDEX KEY: 0000936468 STANDARD INDUSTRIAL CLASSIFICATION: GUIDED MISSILES & SPACE VEHICLES & PARTS [3760] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 521893632 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45071 FILM NUMBER: 24577025 BUSINESS ADDRESS: STREET 1: 6801 ROCKLEDGE DR CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 3018976000 MAIL ADDRESS: STREET 1: 6801 ROCKLEDGE DRIVE CITY: BETHESDA STATE: MD ZIP: 20817 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP CENTRAL INDEX KEY: 0000093751 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 042456637 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 BUSINESS PHONE: 617 786-3000 MAIL ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET Corp DATE OF NAME CHANGE: 20090218 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET CORP DATE OF NAME CHANGE: 19970424 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET BOSTON FINANCIAL CORP DATE OF NAME CHANGE: 19780525 SC 13G/A 1 Lockheed_Martin_Corp.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING LOCKHEED MARTIN CORP (NAME OF ISSUER) COMMON STOCK (TITLE OF CLASS OF SECURITIES) 539830109 (CUSIP NUMBER) 12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: (X) RULE 13D-1 (B) ( ) RULE 13D-1 (C) ( ) RULE 13D-1 (D) *THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING PERSON`S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH WOULD ALTER THE DISCLOSURES PROVIDED IN A PRIOR COVER PAGE. THE INFORMATION REQUIRED IN THE REMAINDER OF THIS COVER PAGE SHALL NOT BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934 ("ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS OF THE ACT (HOWEVER, SEE THE NOTES). CUSIP NO: 539830109 13G PAGE 2 OF 8 PAGES 1. NAME OF REPORTING PERSON: STATE STREET CORPORATION I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON: 04-2456637 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP NOT APPLICABLE 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION BOSTON, MASSACHUSETTS 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 33,487,726 7. SOLE DISPOSITIVE POWER 0 SHARES 8. SHARED DISPOSITIVE POWER 37,049,916 9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 37,056,708 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES NOT APPLICABLE 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.94% 12. TYPE OF REPORTING PERSON HC CUSIP NO: 539830109 13G PAGE 3 OF 8 PAGES 1. NAME OF REPORTING PERSON: STATE STREET GLOBAL ADVISORS TRUST COMPANY I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON: 81-4017137 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP NOT APPLICABLE 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION BOSTON, MASSACHUSETTS 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 2,257,256 7. SOLE DISPOSITIVE POWER 0 SHARES 8. SHARED DISPOSITIVE POWER 32,214,145 9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 32,214,8091 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (