PNC Financial Services Group Inc. Decreases Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

PNC Financial Services Group Inc. trimmed its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,116 shares of the aerospace company's stock after selling 3,401 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Leidos were worth $2,322,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC boosted its holdings in Leidos by 4.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock valued at $242,000 after purchasing an additional 77 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Leidos by 20.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after purchasing an additional 77 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Leidos by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock valued at $394,000 after purchasing an additional 86 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings 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 purchasing an additional 95 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in Leidos by 2.0% in 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 during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

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Leidos Trading Up 0.3 %

Shares of NYSE LDOS traded up $0.42 during midday trading on Tuesday, reaching $138.62. 1,382,420 shares of the stock were exchanged, compared to its average volume of 1,065,159. The company has a 50 day simple moving average of $140.22 and a 200 day simple moving average of $154.88. The stock has a market capitalization of $17.77 billion, a P/E ratio of 15.00, a PEG 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 twelve month low of $123.23 and a twelve month high of $202.90.

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, topping 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%. As a group, equities analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.15%. Leidos's dividend payout ratio (DPR) is presently 17.32%.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction that occurred on 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 sale, the director now owns 6,408 shares of the company's stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LDOS has been the topic of several recent analyst reports. The Goldman Sachs Group lowered shares of Leidos from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Wells Fargo & Company lowered their target price on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Truist Financial lowered their target price on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, UBS Group lowered their target price on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $175.87.

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.