PNC Financial Services Group Inc. Sells 3,401 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

PNC Financial Services Group Inc. lowered its position in Leidos Holdings, Inc. (NYSE:LDOS) by 17.4% in the 4th quarter, Holdings Channel reports. The fund owned 16,116 shares of the aerospace company’s stock after selling 3,401 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Leidos were worth $2,322,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC raised its position in shares of 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 acquiring an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Leidos by 39.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock valued at $1,800,000 after buying an additional 3,534 shares in the last quarter. Fiduciary Trust Co increased its position in Leidos by 36.4% during the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after buying an additional 6,395 shares in the last quarter. LGT Fund Management Co Ltd. bought a new position in Leidos during the 4th quarter valued at approximately $1,979,000. Finally, Atria Investments Inc increased its position in Leidos by 100.1% during the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock valued at $1,440,000 after buying an additional 4,421 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Insider Activity at Leidos

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

Analysts Set New Price Targets

A number of research firms recently weighed in on LDOS. StockNews.com lowered Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus price target of $175.87.

Leidos Stock Performance

LDOS stock opened at $134.59 on Friday. The company has a market cap of $17.65 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 1 year low of $123.23 and a 1 year high of $202.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The stock’s fifty day moving average price is $140.42 and its 200-day moving average price is $155.03.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (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%. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.19%. Leidos’s dividend payout ratio (DPR) is presently 17.32%.

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.