Private Advisor Group LLC Sells 759 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Private Advisor Group LLC lowered its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 14.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,436 shares of the aerospace company’s stock after selling 759 shares during the quarter. Private Advisor Group LLC’s holdings in Leidos were worth $647,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LDOS. Boston Partners boosted its position in shares of Leidos by 5.8% during the 1st quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock worth $449,592,000 after purchasing an additional 188,458 shares in the last quarter. Norges Bank bought a new stake in shares of Leidos during the fourth quarter valued at approximately $202,191,000. Northern Trust Corp raised its position in shares of Leidos by 0.5% during the fourth quarter. Northern Trust Corp now owns 1,149,948 shares of the aerospace company’s stock worth $124,470,000 after purchasing an additional 6,284 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of Leidos by 39.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company’s stock worth $114,102,000 after purchasing an additional 222,179 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in Leidos by 9,164.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock valued at $62,623,000 after purchasing an additional 572,316 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Royal Bank of Canada lifted their price target on Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. TD Cowen increased their price objective on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Bank of America lifted their target price on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company increased their price target on Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.08.

Leidos Trading Down 0.3 %

NYSE LDOS opened at $154.34 on Wednesday. The stock has a market capitalization of $20.87 billion, a price-to-earnings ratio of 66.53, a PEG ratio of 1.37 and a beta of 0.70. The business’s fifty day moving average is $150.87 and its 200-day moving average is $142.54. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. Leidos Holdings, Inc. has a one year low of $89.22 and a one year high of $159.10.

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

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. Leidos’s dividend payout ratio is presently 65.52%.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Arthur Bell bought 1,712 shares of the stock in a transaction on Thursday, August 1st. The stock was purchased at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now directly owns 22,398 shares in the company, valued at $3,248,605.92. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by insiders.

About Leidos

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.