Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 404,288 shares of the aerospace company's stock after purchasing an additional 12,315 shares during the quarter. Wells Fargo & Company MN owned about 0.30% of Leidos worth $58,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Leidos by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock valued at $2,225,784,000 after buying an additional 84,003 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Leidos by 13.1% during the 3rd 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. Geode Capital Management LLC increased its position in shares of Leidos by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock valued at $487,649,000 after purchasing an additional 27,410 shares during the last quarter. Norges Bank bought a new stake in Leidos during the fourth quarter valued at approximately $266,419,000. Finally, Alliancebernstein L.P. raised its position in Leidos by 510.6% in the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock worth $144,011,000 after acquiring an additional 835,930 shares during the period. Institutional investors own 76.12% of the company's stock.

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Analysts Set New Price Targets

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

Leidos Stock Up 0.6 %

Shares of LDOS stock traded up $0.82 during mid-day trading on Monday, hitting $142.70. 138,578 shares of the stock traded hands, compared to its average volume of 1,197,260. Leidos Holdings, Inc. has a 52-week low of $123.23 and a 52-week high of $202.90. The stock has a market cap of $18.30 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The stock's fifty day moving average is $135.05 and its two-hundred day moving average is $152.06.

Leidos (NYSE:LDOS - Get Free Report) last announced its 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%. Equities analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.12%. Leidos's payout ratio is presently 17.32%.

Insider Buying and Selling at Leidos

In other Leidos 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 value of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction dated 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 transaction, the director now owns 11,264 shares in the company, 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. Company insiders own 0.96% of the company's stock.

Leidos 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.