Deutsche Bank AG Acquires 101,953 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• Deutsche Bank AG increased its stake in Leidos Holdings, Inc. by 26.0%, now owning approximately 494,073 shares worth about $66.67 million.
• Leidos announced a quarterly dividend of $0.40 per share, with a dividend yield of 0.9% and a payout ratio of 15.12%.
• The company's quarterly earnings report showed an EPS of $3.21, exceeding analysts' estimates by $0.58, and revenue rose by 2.9% year-over-year.

Deutsche Bank AG grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 494,073 shares of the aerospace company's stock after purchasing an additional 101,953 shares during the quarter. Deutsche Bank AG owned about 0.39% of Leidos worth $66,670,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Leidos in the 4th quarter valued at $25,000. REAP Financial Group LLC increased its stake in shares of Leidos by 422.2% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after acquiring an additional 152 shares in the last quarter. MCF Advisors LLC bought a new stake in shares of Leidos in the 1st quarter valued at $27,000. Optimum Investment Advisors increased its stake in shares of Leidos by 260.0% in the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Leidos in the 1st quarter valued at $54,000. Institutional investors own 76.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup reiterated a "buy" rating and issued a $190.00 price objective (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. Wall Street Zen downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Royal Bank Of Canada lifted their price target on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Baird R W downgraded shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Finally, Wells Fargo & Company lifted their price target on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $179.46.

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the sale, the director directly owned 21,068 shares in the company, valued at $3,738,095.24. The trade was a 4.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.05, for a total value of $356,100.00. Following the sale, the director owned 10,137 shares in the company, valued at $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,478 shares of company stock worth $1,852,525 in the last ninety days. Company insiders own 0.96% of the company's stock.

Leidos Stock Down 0.4%

LDOS traded down $0.76 during mid-day trading on Friday, reaching $177.68. 849,301 shares of the stock were exchanged, compared to its average volume of 913,926. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. The stock has a market capitalization of $22.80 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.04 and a beta of 0.65. The company has a 50 day moving average price of $161.00 and a two-hundred day moving average price of $148.12. 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 posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.58. The firm had revenue of $4.25 billion for 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 business's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.63 EPS. As a group, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

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

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.