Ameriprise Financial Inc. Sells 123,082 Shares of Lockheed Martin Corporation $LMT

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Ameriprise Financial Inc. reduced its stake in Lockheed Martin Corporation by 16.2% in the third quarter, selling 123,082 shares and now owning 638,300 shares worth $312.96 million. Other institutional investors like Vanguard Group Inc. and Wellington Management Group LLP also adjusted their positions in the aerospace company. Analysts have issued various ratings and price targets, with the stock currently holding an average “Hold” rating and an average price target of $618.95.

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