Bessemer Group Inc. Has $1.13 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Bessemer Group Inc. cut its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 73.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,375 shares of the aerospace company's stock after selling 23,387 shares during the period. Bessemer Group Inc.'s holdings in Leidos were worth $1,131,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Leidos during the 4th quarter worth approximately $266,419,000. Alliancebernstein L.P. lifted its position in shares of Leidos by 510.6% during the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock worth $144,011,000 after buying an additional 835,930 shares in the last quarter. Invesco Ltd. lifted its position in shares of Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after buying an additional 682,532 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Leidos by 435.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after buying an additional 377,756 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Leidos by 151.6% during the 4th quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock worth $79,053,000 after buying an additional 330,623 shares in the last quarter. Institutional investors own 76.12% of the company's stock.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director now directly owns 20,195 shares of the company's stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.69% of the company's stock.

Leidos Stock Up 0.0%

Leidos stock opened at $155.71 on Monday. The firm has a 50 day simple moving average of $150.17 and a 200 day simple moving average of $143.92. The firm has a market capitalization of $20.04 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 1.88 and a beta of 0.63. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90.

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

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. Leidos's dividend payout ratio (DPR) is currently 16.10%.

Analysts Set New Price Targets

Several equities analysts have commented on LDOS shares. Stifel Nicolaus set a $178.00 target price on shares of Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada lifted their target price on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company lifted their target price on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Robert W. Baird lowered shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target for the company. in a research note on Tuesday, May 27th. Finally, Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $177.46.

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.

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