Geode Capital Management LLC Grows Position in Leidos Holdings, Inc. (NYSE:LDOS)

Geode Capital Management LLC raised its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,393,313 shares of the aerospace company's stock after buying an additional 27,410 shares during the period. Geode Capital Management LLC owned about 2.54% of Leidos worth $487,649,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Leidos by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock worth $2,225,784,000 after buying an additional 84,003 shares during the last quarter. State Street Corp increased 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 purchasing an additional 56,066 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 in the last quarter. Norges Bank purchased a new position in Leidos during the fourth quarter valued at approximately $266,419,000. Finally, Alliancebernstein L.P. lifted its holdings in Leidos by 510.6% in the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock worth $144,011,000 after purchasing an additional 835,930 shares in the last quarter. Institutional investors own 76.12% of the company's stock.

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Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the transaction, the director now owns 6,408 shares of the company's stock, valued at approximately $862,260.48. This represents a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 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. The trade was 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.

Analysts Set New Price Targets

A number of research firms have recently commented on LDOS. The Goldman Sachs Group downgraded Leidos from a "buy" rating to a "neutral" rating and lowered their target price for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. UBS Group cut their price target 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. William Blair downgraded Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. StockNews.com upgraded Leidos from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Leidos currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.79.

Leidos Stock Performance

NYSE:LDOS traded up $6.24 during midday trading on Wednesday, hitting $139.60. The company's stock had a trading volume of 2,684,450 shares, compared to its average volume of 1,194,960. Leidos Holdings, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $202.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a market cap of $17.90 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.65 and a beta of 0.66. The firm's 50 day moving average is $135.08 and its 200-day moving average is $152.35.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping 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 analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, March 14th. Leidos's dividend payout ratio (DPR) is 17.32%.

Leidos 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.