Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 843,022 shares of the aerospace company's stock after buying an additional 1,634 shares during the quarter. Bank of New York Mellon Corp owned about 0.66% of Leidos worth $113,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Leidos in the 4th quarter valued at $266,419,000. Alliancebernstein L.P. increased its holdings in Leidos by 510.6% in the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock valued at $144,011,000 after purchasing an additional 835,930 shares in the last quarter. Invesco Ltd. increased its holdings in Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after purchasing an additional 682,532 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Leidos by 435.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock valued at $67,032,000 after purchasing an additional 377,756 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Leidos by 151.6% in the 4th quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock valued at $79,053,000 after purchasing an additional 330,623 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Down 1.0%

NYSE:LDOS traded down $1.71 during mid-day trading on Friday, reaching $161.30. The stock had a trading volume of 246,412 shares, compared to its average volume of 1,475,636. The company has a market capitalization of $20.76 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The stock's 50 day simple moving average is $153.42 and its two-hundred day simple moving average is $144.88. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.50. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $2.29 earnings per share. Equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.40 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Leidos's payout ratio is currently 16.10%.

Insider Buying and Selling

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the transaction, the director directly owned 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on LDOS shares. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. UBS Group lifted their target price on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a research report on Tuesday, May 27th. Wells Fargo & Company lifted their target price on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada lifted their target price on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $177.46.

Leidos Company 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.