TD Private Client Wealth LLC Has $1.11 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

TD Private Client Wealth LLC cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 16.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,213 shares of the aerospace company's stock after selling 1,584 shares during the quarter. TD Private Client Wealth LLC's holdings in Leidos were worth $1,108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LDOS. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Leidos in the fourth quarter valued at $25,000. REAP Financial Group LLC increased its stake in shares of Leidos by 422.2% in the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after buying an additional 152 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Leidos in the first quarter valued at $55,000. Wayfinding Financial LLC acquired a new stake in shares of Leidos in the first quarter valued at $63,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Leidos in the first quarter valued at $67,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director owned 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is owned by company insiders.

Leidos Price Performance

Shares of LDOS opened at $162.27 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The stock has a market cap of $20.89 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. The stock's 50-day moving average price is $153.09 and its two-hundred day moving average price is $144.76.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.50. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The firm had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. During the same quarter last year, the business earned $2.29 earnings per share. The company's revenue was up 6.8% compared to the same quarter last year. On average, equities analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded Leidos from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Robert W. Baird cut Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target on the stock. in a report on Tuesday, May 27th. Wells Fargo & Company raised their price target on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Stifel Nicolaus set a $178.00 price target on Leidos and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Truist Financial decreased their price target on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Leidos has an average rating of "Moderate Buy" and a consensus target price of $177.46.

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.

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