Corient Private Wealth LLC Has $7.50 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Corient Private Wealth LLC cut its position in shares of Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,299 shares of the aerospace company’s stock after selling 1,372 shares during the quarter. Corient Private Wealth LLC’s holdings in Leidos were worth $7,501,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of Leidos by 6.2% in the 4th quarter. Wells Fargo & Company MN now owns 209,034 shares of the aerospace company’s stock worth $22,626,000 after acquiring an additional 12,135 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of Leidos by 86.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,806 shares of the aerospace company’s stock valued at $520,000 after purchasing an additional 2,227 shares in the last quarter. UBS Group AG lifted its position in Leidos by 6.3% in the fourth quarter. UBS Group AG now owns 207,603 shares of the aerospace company’s stock worth $22,471,000 after purchasing an additional 12,390 shares during the period. PNC Financial Services Group Inc. boosted its stake in Leidos by 7.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,288 shares of the aerospace company’s stock worth $1,763,000 after buying an additional 1,138 shares in the last quarter. Finally, Norges Bank bought a new stake in Leidos in the 4th quarter valued at $202,191,000. 76.12% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Roy E. Stevens sold 875 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the transaction, the insider now directly owns 44,149 shares in the company, valued at approximately $6,651,929.83. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Price Performance

LDOS opened at $151.15 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24. The company’s 50 day simple moving average is $134.96 and its 200-day simple moving average is $120.89. Leidos Holdings, Inc. has a one year low of $77.91 and a one year high of $151.32. The stock has a market capitalization of $20.44 billion, a P/E ratio of 65.15, a price-to-earnings-growth ratio of 1.59 and a beta of 0.66.

Leidos (NYSE:LDOSGet Free Report) last released its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 8.59 earnings per share for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, June 14th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LDOS shares. StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Stifel Nicolaus lifted their price objective on Leidos from $138.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Barclays upped their price objective on Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Bank of America boosted their price target on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Finally, Truist Financial reiterated a “buy” rating and issued a $165.00 price target (up from $150.00) on shares of Leidos in a research report on Wednesday, May 1st. Two investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.67.

Read Our Latest Stock Analysis on LDOS

About Leidos

(Free Report)

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.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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