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

Kingsview Wealth Management LLC lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 32.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,495 shares of the aerospace company’s stock after selling 1,179 shares during the period. Kingsview Wealth Management LLC’s holdings in Leidos were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LDOS. Realta Investment Advisors grew its stake in shares of Leidos by 5.1% in the fourth quarter. Realta Investment Advisors now owns 3,227 shares of the aerospace company’s stock valued at $475,000 after buying an additional 157 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Leidos in the 4th quarter valued at about $79,000. Lecap Asset Management Ltd. acquired a new position in Leidos in the 4th quarter valued at about $3,724,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Leidos by 2.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,718 shares of the aerospace company’s stock worth $2,120,000 after purchasing an additional 340 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Leidos during the fourth quarter worth about $12,560,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Trading Down 4.6 %

NYSE LDOS opened at $130.50 on Friday. The firm’s fifty day moving average price is $148.21 and its 200 day moving average price is $157.48. Leidos Holdings, Inc. has a 12 month low of $119.31 and a 12 month high of $202.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The company has a market capitalization of $17.41 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.31% and a net margin of 7.37%. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 10.03 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio is currently 18.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LDOS shares. UBS Group cut their target price on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wells Fargo & Company reduced their price objective on Leidos from $199.00 to $197.00 and set an “overweight” rating on the stock in a research note on Wednesday. Barclays boosted their target price on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Cantor Fitzgerald initiated coverage on Leidos in a research report on Friday, February 7th. They issued an “overweight” rating and a $185.00 price target on the stock. Finally, Robert W. Baird boosted their price objective on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $176.27.

Insider Activity

In other Leidos news, Director Noel B. Geer purchased 2,000 shares of Leidos stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $322,260. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.96% of the company’s stock.

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.