Wellington Management Group LLP Decreases Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Wellington Management Group LLP cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 99.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,742 shares of the aerospace company's stock after selling 1,168,267 shares during the period. Wellington Management Group LLP's holdings in Leidos were worth $1,588,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Rakuten Securities Inc. increased its stake in Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company's stock valued at $25,000 after acquiring an additional 146 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Leidos in the third quarter valued at $29,000. Northwest Investment Counselors LLC bought a new position in Leidos in the third quarter worth $30,000. 1832 Asset Management L.P. bought a new stake in Leidos in the 2nd quarter valued at $34,000. Finally, Blue Trust Inc. raised its stake in shares of Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock valued at $41,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Activity at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, the director now owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Leidos Stock Performance

NYSE LDOS traded down $2.85 on Thursday, hitting $143.20. 2,565,662 shares of the stock were exchanged, compared to its average volume of 960,569. Leidos Holdings, Inc. has a 52 week low of $105.52 and a 52 week high of $202.90. The company has a market capitalization of $19.11 billion, a PE ratio of 16.31, a P/E/G ratio of 1.04 and a beta of 0.64. The business's fifty day moving average is $169.87 and its 200 day moving average is $157.70. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.97. The company had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. Leidos's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.03 earnings per share. Research analysts anticipate that Leidos Holdings, Inc. will post 9.89 EPS for the current fiscal year.

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Leidos's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 1.12%. Leidos's dividend payout ratio is presently 18.22%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wells Fargo & Company cut their price objective on Leidos from $230.00 to $205.00 and set an "overweight" rating for the company in a report on Tuesday, November 26th. Truist Financial reduced their price objective on Leidos from $205.00 to $185.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Citigroup increased their price objective on shares of Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. UBS Group started coverage on Leidos in a research note on Monday, December 2nd. They issued a "neutral" rating and a $182.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Four 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $182.00.

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.