Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,433 shares of the aerospace company's stock after selling 3,157 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Leidos were worth $3,494,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC lifted its position in shares of Leidos by 156.5% during the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company's stock valued at $165,356,000 after buying an additional 691,575 shares during the last quarter. FMR LLC lifted its position in shares of Leidos by 27.8% during the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock valued at $392,133,000 after buying an additional 522,764 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Leidos by 1,184.3% during the second quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company's stock valued at $73,213,000 after buying an additional 462,792 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Leidos by 24,194.3% during the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company's stock valued at $61,459,000 after buying an additional 375,495 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock valued at $101,942,000 after buying an additional 303,775 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

Insider Transactions at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the transaction, the director now owns 20,001 shares of the company's stock, valued at $3,899,594.97. This represents a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Noel B. Geer bought 2,000 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $322,260. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.96% of the company's stock.

Leidos Price Performance

NYSE LDOS traded up $0.93 on Wednesday, hitting $165.06. The company had a trading volume of 979,995 shares, compared to its average volume of 938,492. The company has a market capitalization of $22.02 billion, a PE ratio of 18.80, a PEG ratio of 1.10 and a beta of 0.64. The company's fifty day moving average price is $171.64 and its 200-day moving average price is $157.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a 12-month low of $105.52 and a 12-month high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the firm earned $2.03 EPS. The firm's revenue was up 6.9% compared to the same quarter last year. As a group, analysts predict that Leidos Holdings, Inc. will post 10.04 earnings per share for the current year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This is a positive change from Leidos's previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. Leidos's dividend payout ratio is presently 17.31%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Cowen increased their price objective on shares of Leidos from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their price objective on shares of Leidos from $145.00 to $180.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. UBS Group assumed coverage on shares of Leidos in a research report on Monday. They set a "neutral" rating and a $182.00 price target for the company. Finally, Truist Financial reduced their price target on shares of Leidos from $205.00 to $185.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $187.36.

About Leidos

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.