Oppenheimer & Co. Inc. Trims Stake in Northrop Grumman Co. (NYSE:NOC)
From MarketBeat:
Oppenheimer & Co. Inc. has lowered its position in Northrop Grumman Company by 8.9% in the 3rd quarter, selling nearly 2,000 shares. Several other institutional investors and hedge funds have also made changes to their positions in the company, with Capital International Investors owning over 12 million shares and owning approximately 12% of the company. On Monday, November 6th, Northrop Grumman VP Mark A. Caylor sold 1,670 shares of Northrop Grumman stock. Northrop Grumman reported that it earned $6.27 per share for quarter 4, topping analysts’ consensus estimates of $5.80 by $0.47. Furthermore, the company has declared a quarterly dividend.
Read more: Oppenheimer & Co. Inc. Trims Stake in Northrop Grumman Co. (NYSE:NOC)