Wellington Management Group LLP Sells 1,168,267 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Wellington Management Group LLP cut its position in Leidos Holdings, Inc. (NYSE:LDOS) by 99.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,742 shares of the aerospace company’s stock after selling 1,168,267 shares during the quarter. Wellington Management Group LLP’s holdings in Leidos were worth $1,588,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LDOS. Rakuten Securities Inc. boosted its holdings in shares of Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 146 shares during the period. Ashton Thomas Securities LLC bought a new position in Leidos in the 3rd quarter worth about $29,000. Northwest Investment Counselors LLC purchased a new position in Leidos during the 3rd quarter valued at about $30,000. 1832 Asset Management L.P. bought a new stake in shares of Leidos during the second quarter valued at about $34,000. Finally, Blue Trust Inc. lifted its holdings in shares of Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after buying an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In other news, Director Surya N. Mohapatra sold 2,748 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now directly owns 20,001 shares of the company’s stock, valued at approximately $3,899,594.97. The trade was a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was 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 directly owns 6,408 shares of the company’s stock, valued at $1,185,095.52. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Leidos Stock Performance

NYSE LDOS opened at $146.05 on Thursday. The firm has a market cap of $19.49 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.04 and a beta of 0.64. The company has a 50-day simple moving average of $169.87 and a two-hundred day simple moving average of $157.70. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. Leidos Holdings, Inc. has a 12-month low of $105.52 and a 12-month high of $202.90.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the company earned $2.03 EPS. Leidos’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Leidos Holdings, Inc. will post 9.89 EPS for the current year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Monday, December 16th. This is a positive change from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio (DPR) is 18.22%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LDOS. Royal Bank of Canada boosted their price objective on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Truist Financial reduced their price target on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. UBS Group assumed coverage on Leidos in a research report on Monday, December 2nd. They issued a “neutral” rating and a $182.00 price objective on the stock. Citigroup boosted their target price on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and lowered their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Leidos presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

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.