Comerica Bank Boosts Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Comerica Bank boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOSGet Rating) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,691 shares of the aerospace company’s stock after purchasing an additional 746 shares during the quarter. Comerica Bank’s holdings in Leidos were worth $1,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Versor Investments LP acquired a new position in shares of Leidos in the 3rd quarter worth approximately $812,000. M&T Bank Corp grew its position in shares of Leidos by 17.9% in the 2nd quarter. M&T Bank Corp now owns 13,409 shares of the aerospace company’s stock worth $1,345,000 after acquiring an additional 2,036 shares in the last quarter. Millennium Management LLC grew its position in shares of Leidos by 67.0% in the 2nd quarter. Millennium Management LLC now owns 603,573 shares of the aerospace company’s stock worth $60,786,000 after acquiring an additional 242,201 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Leidos by 2.3% in the 2nd quarter. Private Advisor Group LLC now owns 6,785 shares of the aerospace company’s stock worth $683,000 after acquiring an additional 152 shares in the last quarter. Finally, Clear Street Markets LLC grew its position in shares of Leidos by 329.9% in the 2nd quarter. Clear Street Markets LLC now owns 288 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 221 shares in the last quarter. 75.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on LDOS. Wells Fargo & Company lifted their target price on Leidos from $105.00 to $114.00 in a research report on Tuesday, November 8th. Citigroup started coverage on Leidos in a research report on Thursday, December 8th. They set a “buy” rating and a $130.00 price objective for the company. Royal Bank of Canada boosted their price objective on Leidos from $105.00 to $112.00 in a research report on Friday, December 2nd. StockNews.com upgraded Leidos from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 13th. Finally, Morgan Stanley reduced their price objective on Leidos from $112.00 to $111.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 3rd. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and an average price target of $115.50.

Insider Transactions at Leidos

In other news, CEO Roger A. Krone sold 25,237 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $107.71, for a total transaction of $2,718,277.27. Following the sale, the chief executive officer now directly owns 219,941 shares of the company’s stock, valued at $23,689,845.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Roger A. Krone sold 25,237 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $107.71, for a total transaction of $2,718,277.27. Following the sale, the chief executive officer now directly owns 219,941 shares of the company’s stock, valued at $23,689,845.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David G. Fubini sold 6,189 shares of the company’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $109.20, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,145 shares of company stock valued at $6,583,348. Corporate insiders own 1.67% of the company’s stock.

Leidos Trading Up 1.6 %

Shares of LDOS stock opened at $96.06 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.86 and a current ratio of 0.93. Leidos Holdings, Inc. has a 1 year low of $81.07 and a 1 year high of $111.12. The stock has a fifty day moving average of $104.78 and a two-hundred day moving average of $100.06. The firm has a market capitalization of $13.13 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.06 and a beta of 0.80.

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

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Wednesday, December 14th. Leidos’s dividend payout ratio is presently 29.45%.

About Leidos

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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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