Toronto Dominion Bank Has $6.68 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Toronto Dominion Bank trimmed its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 33.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,383 shares of the aerospace company's stock after selling 23,293 shares during the quarter. Toronto Dominion Bank's holdings in Leidos were worth $6,682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its stake in Leidos by 4.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock valued at $242,000 after purchasing an additional 77 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Leidos by 20.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after purchasing an additional 77 shares in the last quarter. Fifth Third Bancorp boosted its stake in Leidos by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock valued at $394,000 after purchasing an additional 86 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Leidos by 2.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock valued at $749,000 after purchasing an additional 100 shares in the last quarter. Finally, Interchange Capital Partners LLC boosted its stake in Leidos by 6.7% during the 4th quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company's stock valued at $244,000 after purchasing an additional 106 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target for the company. in a research note on Tuesday. UBS Group increased their price target on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Royal Bank of Canada lifted their target price on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen cut Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Leidos presently has a consensus rating of "Moderate Buy" and an average price target of $176.46.

Insider Transactions at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction 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 now owns 20,195 shares of the company's stock, valued at approximately $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is currently owned by insiders.

Leidos Stock Down 0.9%

Shares of Leidos stock traded down $1.36 during midday trading on Tuesday, hitting $151.14. The company's stock had a trading volume of 490,231 shares, compared to its average volume of 1,222,675. The firm has a market capitalization of $19.45 billion, a P/E ratio of 16.35, a PEG ratio of 1.65 and a beta of 0.65. The stock has a 50-day simple moving average of $144.74 and a 200-day simple moving average of $146.97. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. 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 issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.47 by $0.50. The business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Leidos's revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 earnings per share. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. Leidos's dividend payout ratio (DPR) is presently 16.10%.

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.