Commonwealth Equity Services LLC Lowers Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Commonwealth Equity Services LLC lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,605 shares of the aerospace company’s stock after selling 8,576 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Leidos were worth $12,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of LDOS. Private Advisor Group LLC increased its holdings in Leidos by 83.0% in the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock worth $1,177,000 after buying an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Leidos by 39.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after buying an additional 3,534 shares in the last quarter. Fiduciary Trust Co increased its holdings in Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after buying an additional 6,395 shares in the last quarter. LGT Fund Management Co Ltd. bought a new stake in Leidos in the 4th quarter worth about $1,979,000. Finally, Rockefeller Capital Management L.P. bought a new stake in Leidos in the 3rd quarter worth about $4,622,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LDOS shares. StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and cut their price target for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Truist Financial cut their price target on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and cut their price target for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $175.87.

Insider Buying and Selling

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now directly owns 6,408 shares of the company’s stock, valued at $862,260.48. This represents a 19.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Leidos Stock Up 0.3 %

NYSE LDOS opened at $138.62 on Wednesday. The stock’s 50 day moving average is $140.05 and its 200 day moving average is $154.74. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The stock has a market cap of $17.77 billion, a PE ratio of 15.00, a P/E/G ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared 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 is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. Leidos’s dividend payout ratio is presently 17.32%.

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.