Hsbc Holdings PLC Has $39.47 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Hsbc Holdings PLC boosted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,973 shares of the aerospace company’s stock after purchasing an additional 5,771 shares during the period. Hsbc Holdings PLC owned 0.20% of Leidos worth $39,473,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Tidemark LLC bought a new stake in shares of Leidos in the 4th quarter valued at approximately $41,000. Blue Trust Inc. lifted its stake in Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 201 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Leidos by 122.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 169 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Leidos during the 4th quarter worth $49,000. Finally, Family Firm Inc. bought a new position in shares of Leidos during the 2nd quarter valued at $60,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

NYSE LDOS opened at $157.06 on Friday. The company’s fifty day moving average is $151.25 and its two-hundred day moving average is $142.91. Leidos Holdings, Inc. has a 52-week low of $89.22 and a 52-week high of $159.10. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 67.70, a P/E/G ratio of 1.38 and a beta of 0.70.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the prior year, the firm posted $1.80 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts forecast that Leidos Holdings, Inc. will post 8.95 EPS for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, September 13th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Insider Activity

In other Leidos news, CEO Thomas Arthur Bell bought 1,712 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the transaction, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the transaction, the director now owns 7,455 shares in the company, valued at approximately $1,082,689.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas Arthur Bell purchased 1,712 shares of the stock in a transaction on Thursday, August 1st. The stock was bought at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the transaction, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The disclosure for this purchase can be found here. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

LDOS has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of Leidos from $168.00 to $172.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Bank of America increased their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Royal Bank of Canada boosted their target price on Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Citigroup boosted their price objective on shares of Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.08.

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.