Meritage Portfolio Management reduced its position in shares of Lockheed Martin Co. ( NYSE:LMT – Free Report ) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,798 shares of the aerospace company's stock after selling 912 shares during the period. Lockheed Martin comprises about 1.2% of Meritage Portfolio Management's holdings, making the stock its 13th largest holding. Meritage Portfolio Management's holdings in Lockheed Martin were worth $15,505,000 at the end of the most recent reporting period.

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