Commonwealth Equity Services LLC Cuts Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Commonwealth Equity Services LLC reduced its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,605 shares of the aerospace company's stock after selling 8,576 shares during the period. Commonwealth Equity Services LLC owned about 0.06% of Leidos worth $12,044,000 at the end of the most recent reporting period.

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

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Analyst Ratings Changes

Several brokerages recently commented on LDOS. StockNews.com lowered Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 8th. Truist Financial reduced their price target on shares of Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Finally, TD Cowen downgraded shares of Leidos from a "buy" rating to a "hold" rating and decreased their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $178.07.

Insider Transactions at Leidos

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

Leidos Trading Down 0.9 %

Shares of NYSE LDOS traded down $1.19 during trading hours on Friday, hitting $133.66. 3,989,767 shares of the company traded hands, compared to its average volume of 1,083,413. The company's 50 day moving average price is $139.37 and its 200 day moving average price is $154.31. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The stock has a market capitalization of $17.14 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

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

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. Leidos's dividend payout ratio is 17.32%.

Leidos Company Profile

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.