Leidos Holdings, Inc. (NYSE:LDOS) Position Cut by Korea Investment CORP

Korea Investment CORP decreased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 175,496 shares of the aerospace company's stock after selling 130,521 shares during the quarter. Korea Investment CORP owned about 0.13% of Leidos worth $25,282,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Leidos during the 4th quarter worth approximately $677,000. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Leidos by 24.2% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,168 shares of the aerospace company's stock valued at $456,000 after buying an additional 617 shares in the last quarter. Bay Capital Advisors LLC acquired a new stake in shares of Leidos in the 4th quarter valued at about $232,000. EntryPoint Capital LLC grew its position in shares of Leidos by 104.9% during the fourth 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. Finally, Interchange Capital Partners LLC raised its holdings in shares of Leidos by 6.7% in the fourth quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company's stock valued at $244,000 after buying an additional 106 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms recently issued reports on LDOS. William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. The Goldman Sachs Group downgraded shares of Leidos from a "buy" rating to a "neutral" rating and reduced their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. TD Cowen cut Leidos from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their target price on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Leidos presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.07.

Insider Activity at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction that occurred on 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 in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at $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. 0.96% of the stock is currently owned by corporate insiders.

Leidos Stock Down 0.2 %

Shares of NYSE:LDOS traded down $0.33 during mid-day trading on Tuesday, hitting $134.61. 775,269 shares of the company traded hands, compared to its average volume of 1,578,349. The firm has a market cap of $17.26 billion, a P/E ratio of 14.57, a PEG ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 52-week low of $123.22 and a 52-week high of $202.90. The firm's 50 day simple moving average is $137.11 and its 200 day simple moving average is $153.52. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly 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%. On average, equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

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