Cibc World Markets Corp Has $2.99 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Cibc World Markets Corp boosted its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,778 shares of the aerospace company's stock after buying an additional 2,895 shares during the period. Cibc World Markets Corp's holdings in Leidos were worth $2,993,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LDOS. State Street Corp increased its stake in Leidos by 1.0% during the third quarter. State Street Corp now owns 5,800,357 shares of the aerospace company's stock valued at $945,458,000 after acquiring an additional 56,066 shares during the period. JPMorgan Chase & Co. increased its position in shares of Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after purchasing an additional 405,256 shares during the period. Geode Capital Management LLC raised its stake in shares of Leidos by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company's stock valued at $546,912,000 after purchasing an additional 42,358 shares in the last quarter. FMR LLC lifted its position in Leidos by 27.8% in the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock worth $392,133,000 after purchasing an additional 522,764 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Leidos by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company's stock worth $351,007,000 after buying an additional 53,307 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Leidos Trading Up 0.3 %

Shares of NYSE LDOS traded up $0.38 during midday trading on Tuesday, reaching $136.17. 1,340,902 shares of the stock were exchanged, compared to its average volume of 1,085,214. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The business has a 50-day simple moving average of $139.03 and a two-hundred day simple moving average of $154.15. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, March 14th. Leidos's dividend payout ratio is 17.32%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and decreased their price objective for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. The Goldman Sachs Group cut Leidos from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Wells Fargo & Company decreased their price target on Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, StockNews.com cut Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 8th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.07.

Insider Activity

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now owns 6,408 shares of the company's stock, valued at $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

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.