Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Asset Planning Corporation

Asset Planning Corporation lowered its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 9.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,149 shares of the aerospace company’s stock after selling 222 shares during the period. Asset Planning Corporation’s holdings in Leidos were worth $350,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. 1832 Asset Management L.P. acquired a new stake in Leidos in the 2nd quarter valued at $34,000. Blue Trust Inc. grew its stake in shares of Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after buying an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Leidos by 122.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after buying an additional 169 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in Leidos during the 3rd quarter worth approximately $46,000. Finally, Family Firm Inc. purchased a new position in Leidos in the 2nd quarter worth approximately $60,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert C. Kovarik, Jr. sold 1,059 shares of Leidos stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the transaction, the director now directly owns 7,455 shares in the company, valued at approximately $1,082,689.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the sale, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Stock Performance

Shares of Leidos stock traded down $0.26 on Monday, reaching $169.26. 111,981 shares of the company were exchanged, compared to its average volume of 848,464. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 73.07, a P/E/G ratio of 1.51 and a beta of 0.70. Leidos Holdings, Inc. has a 1-year low of $90.30 and a 1-year high of $170.15. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The company’s 50-day moving average is $157.88 and its two-hundred day moving average is $148.15.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. The company had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.80 earnings per share. As a group, research analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.90%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Analysts Set New Price Targets

LDOS has been the topic of a number of recent research reports. Barclays boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America upped their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their target price on Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company lifted their price objective on Leidos from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus target price of $166.92.

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.