Skandinaviska Enskilda Banken AB publ Trims Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 39.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,408 shares of the aerospace company's stock after selling 46,782 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.05% of Leidos worth $10,367,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in Leidos by 83.0% during the fourth quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company's stock worth $1,177,000 after buying an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Leidos by 39.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock worth $1,800,000 after buying an additional 3,534 shares in the last quarter. Fiduciary Trust Co grew its position in Leidos by 36.4% during the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company's stock worth $3,902,000 after buying an additional 6,395 shares in the last quarter. LGT Fund Management Co Ltd. purchased a new position in Leidos during the fourth quarter worth about $1,979,000. Finally, Atria Investments Inc grew its position in Leidos by 100.1% during the third quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company's stock worth $1,440,000 after buying an additional 4,421 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

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Leidos Stock Performance

Shares of NYSE:LDOS traded down $0.05 during midday trading on Wednesday, reaching $138.61. 1,408,832 shares of the company's stock traded hands, compared to its average volume of 1,570,797. The company has a market cap of $17.77 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.65 and a beta of 0.72. 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 Holdings, Inc. has a one year low of $123.22 and a one year high of $202.90. The stock has a 50 day moving average of $140.05 and a 200 day moving average of $154.74.

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

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, March 14th. Leidos's payout ratio is currently 17.32%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LDOS. StockNews.com cut Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 8th. UBS Group dropped their target price on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Finally, TD Cowen cut 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 research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.87.

Insider Activity

In related news, Director Gary Stephen May sold 2,128 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now owns 6,408 shares of the company's stock, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Leidos Company 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.