AE Wealth Management LLC Sells 347 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

AE Wealth Management LLC cut its stake in Leidos Holdings, Inc. (NYSE:LDOSGet Rating) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,842 shares of the aerospace company’s stock after selling 347 shares during the period. AE Wealth Management LLC’s holdings in Leidos were worth $773,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LDOS. Point72 Asset Management L.P. acquired a new position in shares of Leidos in the 2nd quarter worth approximately $36,118,000. Bank of America Corp DE increased its holdings in Leidos by 21.7% during the 1st quarter. Bank of America Corp DE now owns 1,389,115 shares of the aerospace company’s stock valued at $150,052,000 after purchasing an additional 247,472 shares in the last quarter. Millennium Management LLC increased its holdings in Leidos by 67.0% during the 2nd quarter. Millennium Management LLC now owns 603,573 shares of the aerospace company’s stock valued at $60,786,000 after purchasing an additional 242,201 shares in the last quarter. Vanguard Group Inc. increased its holdings in Leidos by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 15,087,661 shares of the aerospace company’s stock valued at $1,629,768,000 after purchasing an additional 236,272 shares in the last quarter. Finally, National Pension Service increased its holdings in Leidos by 2,971.5% during the 1st quarter. National Pension Service now owns 228,180 shares of the aerospace company’s stock valued at $24,648,000 after purchasing an additional 220,751 shares in the last quarter. 75.74% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Down 0.9 %

NYSE:LDOS opened at $98.71 on Friday. Leidos Holdings, Inc. has a 12-month low of $81.07 and a 12-month high of $111.12. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $13.49 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.10 and a beta of 0.80. The stock’s fifty day simple moving average is $105.96 and its 200-day simple moving average is $100.24.

Leidos (NYSE:LDOSGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The aerospace company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. Leidos had a return on equity of 21.30% and a net margin of 4.81%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.54 billion. Equities research analysts expect that Leidos Holdings, Inc. will post 6.36 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.44 annualized dividend and a yield of 1.46%. Leidos’s dividend payout ratio is presently 29.45%.

Analysts Set New Price Targets

LDOS has been the subject of a number of recent analyst reports. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a report on Friday. Citigroup initiated coverage on Leidos in a report on Thursday, December 8th. They set a “buy” rating and a $130.00 price target for the company. Morgan Stanley dropped their price target on Leidos from $112.00 to $111.00 and set an “equal weight” rating for the company in a report on Tuesday, January 3rd. Royal Bank of Canada increased their price objective on Leidos from $105.00 to $112.00 in a research report on Friday, December 2nd. Finally, Wells Fargo & Company increased their price objective on Leidos from $105.00 to $114.00 in a research report on Tuesday, November 8th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Leidos presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

Insiders Place Their Bets

In other Leidos news, Director David G. Fubini sold 6,189 shares of Leidos stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $109.20, for a total transaction of $675,838.80. Following the transaction, the director now directly owns 12,463 shares in the company, valued at $1,360,959.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Leidos news, Director David G. Fubini sold 6,189 shares of Leidos stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $109.20, for a total value of $675,838.80. Following the sale, the director now owns 12,463 shares of the company’s stock, valued at approximately $1,360,959.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Roger A. Krone sold 25,237 shares of Leidos stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $107.71, for a total value of $2,718,277.27. Following the completion of the sale, the chief executive officer now directly owns 219,941 shares in the company, valued at approximately $23,689,845.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,145 shares of company stock worth $6,583,348. Corporate insiders own 1.67% of the company’s stock.

Leidos Company Profile

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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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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