Wambolt & Associates LLC Trims Position in Leidos Holdings, Inc. (NYSE:LDOS)

Wambolt & Associates LLC decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,916 shares of the aerospace company's stock after selling 3,001 shares during the quarter. Wambolt & Associates LLC's holdings in Leidos were worth $1,429,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LDOS. Verdence Capital Advisors LLC grew its stake in Leidos by 4.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock worth $242,000 after buying an additional 77 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Leidos by 20.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock worth $65,000 after acquiring an additional 77 shares during the last quarter. Fifth Third Bancorp grew its position in Leidos by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock worth $394,000 after acquiring an additional 86 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in Leidos by 2.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock valued at $691,000 after acquiring an additional 95 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in Leidos by 2.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock valued at $749,000 after purchasing an additional 100 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

LDOS has been the subject of a number of research reports. Wells Fargo & Company cut 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. StockNews.com cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 8th. UBS Group lowered their price objective on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. TD Cowen lowered shares of 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 report on Wednesday, January 8th. Finally, Truist Financial lowered their price target on shares of Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.07.

Insider Activity

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the transaction, the director now directly owns 6,408 shares of the company's stock, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction dated Tuesday, February 18th. The stock was 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 owns 11,264 shares of the company's stock, valued at $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. Corporate insiders own 0.96% of the company's stock.

Leidos Stock Down 1.3 %

LDOS stock traded down $1.73 on Friday, reaching $133.95. 1,590,176 shares of the company traded hands, compared to its average volume of 1,144,090. The firm has a fifty day simple moving average of $137.51 and a 200-day simple moving average of $153.64. The company has a market cap of $17.17 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a one year low of $123.23 and a one year 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.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Research analysts anticipate 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. Stockholders of record on Friday, March 14th were paid a $0.40 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. Leidos's dividend payout ratio is presently 17.32%.

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.