Wealth Enhancement Advisory Services LLC Acquires 129 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,086 shares of the aerospace company’s stock after purchasing an additional 129 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Leidos were worth $6,063,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LDOS. Millennium Management LLC lifted its holdings in shares of Leidos by 156.5% during the 2nd quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after purchasing an additional 691,575 shares in the last quarter. FMR LLC lifted its stake in 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 acquiring an additional 522,764 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after acquiring an additional 405,256 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Leidos by 24,194.3% in the 3rd quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock valued at $61,459,000 after acquiring an additional 375,495 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Leidos by 76.9% in the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after acquiring an additional 303,775 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

LDOS has been the topic of several research reports. Robert W. Baird boosted their target price on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial cut their target price on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. TD Cowen cut Leidos from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average price target of $179.07.

Leidos Stock Up 2.2 %

LDOS stock opened at $152.71 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $20.38 billion, a PE ratio of 17.39, a PEG ratio of 1.04 and a beta of 0.66. Leidos Holdings, Inc. has a 1-year low of $107.73 and a 1-year high of $202.90. The business’s 50 day simple moving average is $160.16 and its 200 day simple moving average is $157.86.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the firm posted $2.03 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts anticipate that Leidos Holdings, Inc. will post 9.89 EPS for the current year.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 16th. Leidos’s dividend payout ratio is currently 18.22%.

Insider Buying and Selling at Leidos

In other news, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. This represents a 12.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. The trade was a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.