Mitsubishi UFJ Trust & Banking Corp Sells 30,708 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Mitsubishi UFJ Trust & Banking Corp decreased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 27.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,434 shares of the aerospace company's stock after selling 30,708 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Leidos worth $11,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of Leidos by 27.8% in the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock valued at $392,133,000 after purchasing an additional 522,764 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after purchasing an additional 405,256 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Leidos by 435.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after purchasing an additional 377,756 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Leidos by 151.6% in the 4th quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock valued at $79,053,000 after buying an additional 330,623 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Leidos in the 4th quarter valued at about $40,402,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

LDOS has been the subject of a number of research reports. UBS Group reduced their price objective on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. TD Cowen downgraded shares of Leidos from a "buy" rating to a "hold" rating and reduced their price target for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. The Goldman Sachs Group cut shares of Leidos from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Six investment 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 stock. According to data from MarketBeat, Leidos has an average rating of "Moderate Buy" and a consensus target price of $178.07.

Insiders Place Their Bets

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly 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. Company insiders own 0.96% of the company's stock.

Leidos Stock Performance

NYSE:LDOS traded down $0.17 during trading on Tuesday, reaching $134.77. The company's stock had a trading volume of 1,512,474 shares, compared to its average volume of 1,148,326. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The firm has a market cap of $17.28 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The firm has a 50 day moving average of $137.11 and a 200-day moving average of $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 posted 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 net margin of 7.53% and a return on equity of 30.93%. Research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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