Wealth Enhancement Advisory Services LLC Decreases Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Wealth Enhancement Advisory Services LLC cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,778 shares of the aerospace company's stock after selling 8,179 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Leidos were worth $4,866,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in Leidos in the fourth quarter worth approximately $25,000. Duncker Streett & Co. Inc. bought a new position in Leidos in the 4th quarter worth $27,000. REAP Financial Group LLC grew its holdings in Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 152 shares during the period. Mather Group LLC. raised its stake in shares of Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after buying an additional 156 shares during the period. Finally, Human Investing LLC purchased a new position in shares of Leidos during the 4th quarter valued at about $52,000. 76.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LDOS has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. UBS Group lifted their price target on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company lifted their target price on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $176.46.

Leidos Trading Up 0.0%

Leidos stock traded up $0.02 during midday trading on Wednesday, reaching $144.51. The stock had a trading volume of 1,076,110 shares, compared to its average volume of 1,248,946. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The company has a fifty day moving average of $146.18 and a 200 day moving average of $145.67. The firm has a market cap of $18.60 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. 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 (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, beating analysts' consensus estimates of $2.47 by $0.50. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The business's revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.29 earnings per share. On average, analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 1.11%. Leidos's dividend payout ratio (DPR) is presently 16.10%.

Insider Activity

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the transaction, the director now owns 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 legal filing with the SEC, which is available through this link. Company insiders own 0.96% of the company's stock.

About Leidos

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.