Wellington Management Group LLP Acquires 34,690 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Wellington Management Group LLP increased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 356.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,432 shares of the aerospace company's stock after buying an additional 34,690 shares during the period. Wellington Management Group LLP's holdings in Leidos were worth $6,401,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its stake in shares of Leidos by 29.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 39,786 shares of the aerospace company's stock valued at $5,732,000 after purchasing an additional 9,068 shares during the period. Hobbs Group Advisors LLC lifted its position in Leidos by 3.5% during the fourth quarter. Hobbs Group Advisors LLC now owns 6,561 shares of the aerospace company's stock valued at $945,000 after buying an additional 222 shares during the period. Allstate Corp bought a new stake in shares of Leidos during the 4th quarter valued at $538,000. Horizon Investment Services LLC increased its stake in shares of Leidos by 18.6% in the 4th quarter. Horizon Investment Services LLC now owns 15,333 shares of the aerospace company's stock worth $2,209,000 after acquiring an additional 2,405 shares in the last quarter. Finally, denkapparat Operations GmbH purchased a new position in Leidos during the 4th quarter valued at about $277,000. 76.12% of the stock is owned by institutional investors.

Leidos Stock Performance

LDOS traded down $1.38 during mid-day trading on Tuesday, reaching $141.60. 687,202 shares of the company traded hands, compared to its average volume of 1,199,781. The stock has a market capitalization of $18.16 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 52-week low of $123.23 and a 52-week high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company's fifty day moving average price is $135.08 and its 200-day moving average price is $151.95.

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Leidos (NYSE:LDOS - Get Free Report) last posted its 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 return on equity of 30.93% and a net margin of 7.53%. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently disclosed 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 1.13%. Leidos's dividend payout ratio (DPR) is 17.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LDOS shares. William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Wells Fargo & Company reduced their price objective on Leidos from $191.00 to $173.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Friday. UBS Group reduced their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Five 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $179.23.

Insider Buying and Selling

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

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.