Leidos Holdings, Inc. (NYSE:LDOS) Stake Lessened by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 99.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,314 shares of the aerospace company's stock after selling 374,733 shares during the quarter. International Assets Investment Management LLC's holdings in Leidos were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp grew its holdings in Leidos by 1.0% in 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. grew its holdings in shares of Leidos by 13.1% in 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 increased its position in Leidos by 1.3% during the third 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 last quarter. FMR LLC raised its stake in Leidos by 27.8% during 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 holdings in Leidos by 2.5% in 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 purchasing an additional 53,307 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Trading Up 2.5 %

Shares of NYSE LDOS traded up $3.63 during trading on Friday, hitting $149.38. 1,540,778 shares of the company traded hands, compared to its average volume of 1,175,429. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $19.93 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.04 and a beta of 0.66. The company has a 50-day moving average price of $160.84 and a 200-day moving average price of $157.82. Leidos Holdings, Inc. has a 1 year low of $107.73 and a 1 year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced 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. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.03 earnings per share. On average, equities analysts predict that Leidos Holdings, Inc. will post 9.89 EPS for the current year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were 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 was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. Leidos's payout ratio is presently 18.22%.

Insider Buying and Selling

In related news, Director Surya N. Mohapatra sold 2,748 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares of the company's stock, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel B. Geer acquired 2,000 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at $322,260. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LDOS shares. The Goldman Sachs Group downgraded shares of Leidos from a "buy" rating to a "neutral" rating and cut their price target for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Truist Financial decreased their price target on Leidos from $205.00 to $185.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Citigroup raised their price objective on Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, UBS Group began coverage on shares of Leidos in a research note on Monday, December 2nd. They set a "neutral" rating and a $182.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $179.07.

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.