Leidos Holdings, Inc. (NYSE:LDOS) Stock Position Lowered by Choreo LLC

Choreo LLC cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 37.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,697 shares of the aerospace company's stock after selling 1,641 shares during the period. Choreo LLC's holdings in Leidos were worth $364,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Marshall & Sterling Wealth Advisors Inc. bought a new position in Leidos in the fourth quarter worth approximately $25,000. REAP Financial Group LLC raised its holdings in shares of Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after purchasing an additional 152 shares during the last quarter. Optimum Investment Advisors raised its position in shares of Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after acquiring an additional 169 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Leidos during the 1st quarter worth approximately $55,000. Finally, Wayfinding Financial LLC purchased a new stake in Leidos in the 1st quarter valued at $63,000. 76.12% of the stock is currently owned by institutional investors.

Leidos Trading Down 0.3%

LDOS stock traded down $0.47 during trading on Wednesday, reaching $161.04. 548,088 shares of the stock traded hands, compared to its average volume of 732,148. The firm has a market capitalization of $20.73 billion, a PE ratio of 16.20, a P/E/G ratio of 1.93 and a beta of 0.64. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. The business's 50 day moving average price is $155.23 and its 200-day moving average price is $146.36. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90.

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

Leidos Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on LDOS. Royal Bank Of Canada raised their target price on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Stifel Nicolaus set a $178.00 target price on Leidos and gave the company a "buy" rating in a report on Tuesday, June 24th. UBS Group increased their target price on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Citigroup restated a "buy" rating and issued a $190.00 target price (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $175.15.

Insider Activity

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director owned 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.96% of the company's stock.

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.