Raymond James Trust N.A. Decreases Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Raymond James Trust N.A. cut its position in Leidos Holdings, Inc. (NYSE:LDOSGet Rating) by 14.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,205 shares of the aerospace company’s stock after selling 907 shares during the period. Raymond James Trust N.A.’s holdings in Leidos were worth $455,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Better Money Decisions LLC acquired a new position in shares of Leidos in the second quarter valued at about $25,000. KB Financial Partners LLC acquired a new position in shares of Leidos in the first quarter valued at about $25,000. Clear Street Markets LLC grew its holdings in Leidos by 329.9% during the second quarter. Clear Street Markets LLC now owns 288 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 221 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in Leidos during the first quarter worth about $38,000. Finally, CX Institutional acquired a new stake in Leidos during the second quarter worth about $38,000. 75.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David G. Fubini sold 6,189 shares of Leidos stock in a transaction that occurred on 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 owns 12,463 shares in the company, valued at $1,360,959.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director David G. Fubini sold 6,189 shares of Leidos stock in a transaction that occurred on 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 owns 12,463 shares in the company, valued at $1,360,959.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Roy E. Stevens sold 1,515 shares of Leidos stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $103.43, for a total value of $156,696.45. Following the transaction, the insider now owns 24,814 shares in the company, valued at approximately $2,566,512.02. The disclosure for this sale can be found here. Insiders have sold a total of 61,145 shares of company stock worth $6,583,348 over the last quarter. 1.67% of the stock is currently owned by corporate insiders.

Leidos Stock Performance

NYSE LDOS opened at $98.35 on Friday. The company has a market cap of $13.44 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.06 and a beta of 0.80. The stock’s 50 day simple moving average is $105.81 and its 200-day simple moving average is $100.22. Leidos Holdings, Inc. has a 1-year low of $81.07 and a 1-year high of $111.12. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.93 and a quick ratio of 0.86.

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

Leidos Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on LDOS. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a report on Friday. Morgan Stanley dropped their target price on Leidos from $112.00 to $111.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 3rd. Royal Bank of Canada raised their target price on Leidos from $105.00 to $112.00 in a report on Friday, December 2nd. Citigroup began coverage on Leidos in a report on Thursday, December 8th. They set a “buy” rating and a $130.00 target price on the stock. Finally, Wells Fargo & Company raised their price objective on Leidos from $105.00 to $114.00 in a report on Tuesday, November 8th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.50.

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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