Blair William & Co. IL Lowers Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• Blair William & Co. IL reduced its holdings in Leidos Holdings, Inc. by 10.2%, selling 2,960 shares, and now owns 26,053 shares valued at $3,516,000.
• Analysts have generally positive outlooks for Leidos, with price target upgrades from Wells Fargo and Royal Bank of Canada, resulting in a consensus rating of "Moderate Buy".
• Leidos announced a quarterly dividend of $0.40, with an annualized yield of 0.9%, scheduled to be paid on September 30th.

Blair William & Co. IL cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 10.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,053 shares of the aerospace company's stock after selling 2,960 shares during the quarter. Blair William & Co. IL's holdings in Leidos were worth $3,516,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in shares of Leidos by 9.1% during the 1st quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock worth $131,000 after acquiring an additional 81 shares in the last quarter. Resolute Wealth Strategies LLC grew its position in Leidos by 1.9% in the 1st quarter. Resolute Wealth Strategies LLC now owns 5,134 shares of the aerospace company's stock valued at $693,000 after acquiring an additional 97 shares during the last quarter. Global Financial Private Client LLC grew its position in shares of Leidos by 1.4% during the 1st quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock worth $956,000 after buying an additional 100 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Leidos by 9.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company's stock worth $172,000 after purchasing an additional 107 shares during the last quarter. Finally, Syon Capital LLC lifted its stake in shares of Leidos by 7.8% during the 4th quarter. Syon Capital LLC now owns 1,487 shares of the aerospace company's stock worth $214,000 after purchasing an additional 108 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LDOS has been the subject of several research reports. Stifel Nicolaus set a $178.00 price objective on shares of Leidos and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Jefferies Financial Group upgraded shares of Leidos from a "hold" rating to a "buy" rating and upped their price objective for the stock from $185.00 to $205.00 in a research report on Wednesday, August 6th. Royal Bank Of Canada boosted their price objective on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, UBS Group lifted their price target on Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given 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 $179.46.

Leidos Stock Down 0.4%

Shares of NYSE LDOS traded down $0.62 during midday trading on Tuesday, hitting $176.52. 242,031 shares of the company's stock were exchanged, compared to its average volume of 1,387,205. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a market cap of $22.65 billion, a PE ratio of 16.71, a P/E/G ratio of 2.01 and a beta of 0.65. The firm's fifty day simple moving average is $158.33 and its 200-day simple moving average is $147.21.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last year, the company earned $2.63 EPS. The business's quarterly revenue was up 2.9% on a year-over-year basis. Research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Leidos's dividend payout ratio (DPR) is presently 15.12%.

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.