Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Bison Wealth LLC

Bison Wealth LLC cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,263 shares of the aerospace company’s stock after selling 780 shares during the quarter. Bison Wealth LLC’s holdings in Leidos were worth $678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LDOS. United Capital Financial Advisers LLC boosted its holdings in Leidos by 1.6% in the first quarter. United Capital Financial Advisers LLC now owns 6,651 shares of the aerospace company’s stock valued at $718,000 after purchasing an additional 107 shares in the last quarter. Lido Advisors LLC boosted its holdings in Leidos by 0.9% in the first quarter. Lido Advisors LLC now owns 13,762 shares of the aerospace company’s stock valued at $1,486,000 after purchasing an additional 119 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Leidos by 1.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,858 shares of the aerospace company’s stock valued at $1,001,000 after purchasing an additional 122 shares in the last quarter. Signaturefd LLC boosted its holdings in Leidos by 9.3% in the third quarter. Signaturefd LLC now owns 1,592 shares of the aerospace company’s stock valued at $147,000 after purchasing an additional 135 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Leidos by 10.5% in the third quarter. Covestor Ltd now owns 1,444 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 137 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Leidos

In other Leidos news, Director David G. Fubini sold 7,874 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the sale, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director David G. Fubini sold 7,874 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares in the company, valued at $1,879,471.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gary Stephen May sold 2,745 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the completion of the transaction, the director now owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LDOS. Robert W. Baird upped their price target on Leidos from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Royal Bank of Canada boosted their price objective on Leidos from $105.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 10th. Barclays upgraded Leidos from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. Finally, Bank of America boosted their price objective on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.42.

Leidos Price Performance

Shares of NYSE LDOS opened at $124.91 on Tuesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24. The stock has a fifty day moving average price of $125.87 and a 200 day moving average price of $111.80. Leidos Holdings, Inc. has a 1-year low of $76.58 and a 1-year high of $131.50. The company has a market cap of $16.88 billion, a PE ratio of 87.97, a P/E/G ratio of 1.74 and a beta of 0.70.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 13th. The aerospace company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.25. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the company earned $1.83 earnings per share. Leidos’s quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts forecast that Leidos Holdings, Inc. will post 7.76 EPS for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, March 14th. Leidos’s dividend payout ratio (DPR) is currently 107.04%.

About Leidos

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.