Corient Private Wealth LLC Decreases Position in Leidos Holdings, Inc. (NYSE:LDOS)

Corient Private Wealth LLC lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 46.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,878 shares of the aerospace company's stock after selling 57,206 shares during the quarter. Corient Private Wealth LLC owned 0.05% of Leidos worth $9,635,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. State Street Corp raised its position in shares of Leidos by 1.0% during the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company's stock valued at $945,458,000 after buying an additional 56,066 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after buying an additional 405,256 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Leidos by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company's stock valued at $546,912,000 after buying an additional 42,358 shares in the last quarter. FMR LLC raised its position in shares of 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position 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 in the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

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Insider Activity

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the transaction, the director now directly owns 6,408 shares of the company's stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction of $279,278.72. Following the transaction, the director now directly owns 11,264 shares of the company's stock, 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. Insiders own 0.96% of the company's stock.

Analyst Ratings Changes

LDOS has been the topic of several recent research reports. Truist Financial reduced their target price on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. TD Cowen lowered shares of Leidos from a "buy" rating to a "hold" rating and reduced their target price for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. UBS Group reduced their target price on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group lowered shares of Leidos from a "buy" rating to a "neutral" rating and reduced their target price for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.07.

Leidos Trading Down 0.9 %

Shares of LDOS traded down $1.19 during trading hours on Friday, reaching $133.66. 3,989,767 shares of the company traded hands, compared to its average volume of 1,085,285. The company's fifty day moving average price is $139.37 and its two-hundred day moving average price is $154.30. The company 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 quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results 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%. Equities research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Leidos's payout ratio is 17.32%.

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.