ProShare Advisors LLC Buys 2,459 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

ProShare Advisors LLC boosted its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 29,385 shares of the aerospace company's stock after acquiring an additional 2,459 shares during the period. ProShare Advisors LLC's holdings in Leidos were worth $4,233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LDOS. Norges Bank bought a new stake in shares of Leidos during the fourth quarter valued at about $266,419,000. Alliancebernstein L.P. increased its position in shares of Leidos by 510.6% during the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock valued at $144,011,000 after buying an additional 835,930 shares during the period. Invesco Ltd. increased its position in shares of Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after buying an additional 682,532 shares during the period. JPMorgan Chase & Co. increased its position in shares of Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after buying an additional 405,256 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of Leidos by 435.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock valued at $67,032,000 after buying an additional 377,756 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the sale, the director now owns 20,195 shares of the company's stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

LDOS has been the topic of several analyst reports. William Blair cut Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. UBS Group boosted their price objective on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Wells Fargo & Company boosted their price objective on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Truist Financial cut their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $180.69.

Leidos Price Performance

NYSE LDOS traded down $0.62 on Thursday, reaching $158.32. 1,077,439 shares of the company's stock traded hands, compared to its average volume of 1,220,095. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a 50-day simple moving average of $143.78 and a 200 day simple moving average of $148.38. The stock has a market cap of $20.38 billion, a PE ratio of 17.13, a P/E/G ratio of 1.65 and a beta of 0.65.

Leidos (NYSE:LDOS - Get Free Report) last issued 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. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. During the same period last year, the business earned $2.29 earnings per share. The business's quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th 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 1.01%. The ex-dividend date is Monday, June 16th. Leidos's dividend payout ratio (DPR) is presently 16.10%.

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.