Chelsea Counsel Co. Has $486,000 Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• Chelsea Counsel Co. reduced its holdings in Leidos Holdings, Inc. by 60.9% in Q1, now holding 3,600 shares worth approximately $486,000.
• Multiple hedge funds increased their stakes in Leidos, with Pacer Advisors Inc. raising its position by an impressive 3,450% to own 704,106 shares valued at $95 million.
• Leidos announced a quarterly dividend of $0.40 per share, representing a 0.9% yield, with an ex-dividend date of September 15th.

Chelsea Counsel Co. trimmed its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 60.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,600 shares of the aerospace company's stock after selling 5,617 shares during the quarter. Chelsea Counsel Co.'s holdings in Leidos were worth $486,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Pacer Advisors Inc. boosted its stake in Leidos by 3,450.0% in the first quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock valued at $95,012,000 after acquiring an additional 684,272 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Leidos by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock valued at $315,250,000 after purchasing an additional 536,452 shares during the period. Victory Capital Management Inc. increased its holdings in Leidos by 130.3% during the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock worth $96,001,000 after purchasing an additional 402,454 shares in the last quarter. Nuveen LLC bought a new stake in shares of Leidos in the first quarter valued at about $45,665,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of Leidos by 262.9% during the first quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company's stock worth $62,005,000 after buying an additional 332,882 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank Of Canada upgraded shares of Leidos from a "hold" rating to a "moderate buy" rating in a report on Thursday, September 4th. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Jefferies Financial Group upgraded Leidos from a "hold" rating to a "buy" rating and lifted their target price for the stock from $185.00 to $205.00 in a research note on Wednesday, August 6th. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, UBS Group raised their price objective on Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $183.31.

Leidos Stock Up 0.4%

Shares of NYSE LDOS opened at $179.68 on Wednesday. The company has a market cap of $23.05 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.67 and a beta of 0.71. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The stock has a 50-day moving average price of $170.93 and a two-hundred day moving average price of $153.30.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.63 by $0.58. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

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

Insider Activity

In other news, insider Stephen Edward Hull sold 12,497 shares of Leidos stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $178.14, for a total value of $2,226,215.58. Following the completion of the transaction, the insider directly owned 25,817 shares of the company's stock, valued at approximately $4,599,040.38. This trade represents a 32.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory R. Dahlberg sold 952 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the completion of the transaction, the director directly owned 21,068 shares in the company, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,975 shares of company stock valued at $4,078,740. Insiders own 0.69% of the company's stock.

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.

Want to see what other hedge funds are holding LDOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leidos Holdings, Inc. (NYSE:LDOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.