Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,165,572 shares of the aerospace company's stock after selling 338,820 shares during the quarter. JPMorgan Chase & Co. owned about 2.37% of Leidos worth $456,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LDOS. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Leidos by 10.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 215,051 shares of the aerospace company's stock valued at $31,645,000 after purchasing an additional 20,972 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Leidos during the fourth quarter valued at $677,000. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Leidos by 24.2% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,168 shares of the aerospace company's stock valued at $456,000 after acquiring an additional 617 shares during the period. Bay Capital Advisors LLC bought a new stake in shares of Leidos in the 4th quarter worth about $232,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Leidos by 104.9% in the 4th quarter. EntryPoint Capital LLC now owns 2,656 shares of the aerospace company's stock worth $383,000 after acquiring an additional 1,360 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the firm's stock in a transaction 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 transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $203,320.16. Following the sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Leidos Stock Down 0.1 %

NYSE LDOS traded down $0.17 during midday trading on Tuesday, hitting $134.77. 1,512,474 shares of the company traded hands, compared to its average volume of 1,148,326. Leidos Holdings, Inc. has a 52 week low of $123.23 and a 52 week high of $202.90. The company's 50-day simple moving average is $137.11 and its 200-day simple moving average is $153.52. The company has a market cap of $17.28 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. 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 (NYSE:LDOS - Get Free Report) last issued 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 return on equity of 30.93% and a net margin of 7.53%. As a group, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. Leidos's payout ratio is 17.32%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Truist Financial decreased their price target on Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. TD Cowen cut Leidos from a "buy" rating to a "hold" rating and dropped their price objective for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. The Goldman Sachs Group lowered Leidos from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Finally, William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Six investment 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $178.07.

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.