Wealthfront Advisers LLC Reduces Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Wealthfront Advisers LLC cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 41.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,357 shares of the aerospace company's stock after selling 7,230 shares during the period. Wealthfront Advisers LLC's holdings in Leidos were worth $1,398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sowell Financial Services LLC purchased a new position in shares of Leidos during the 1st quarter valued at approximately $267,000. Invesco Ltd. grew 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 worth $378,942,000 after acquiring an additional 682,532 shares during the last quarter. MidWestOne Financial Group Inc. increased its holdings in Leidos by 47.8% in the fourth quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock worth $2,858,000 after buying an additional 6,418 shares during the last quarter. SG Americas Securities LLC boosted its stake in Leidos by 263.7% during the first quarter. SG Americas Securities LLC now owns 13,706 shares of the aerospace company's stock worth $1,849,000 after buying an additional 9,938 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Leidos by 1.1% in the fourth quarter. Ameriprise Financial Inc. now owns 437,535 shares of the aerospace company's stock valued at $63,026,000 after buying an additional 4,903 shares during the last quarter. Institutional investors own 76.12% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LDOS shares. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Stifel Nicolaus set a $178.00 price objective on shares of Leidos and gave the stock a "buy" rating in a report on Tuesday, June 24th. Truist Financial cut their price target on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Royal Bank Of Canada boosted their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.15.

Insider Buying and Selling

In other Leidos 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 directly owned 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 transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.96% of the company's stock.

Leidos Price Performance

Leidos stock traded down $1.78 during mid-day trading on Monday, hitting $160.76. 503,366 shares of the company traded hands, compared to its average volume of 1,272,299. The stock has a fifty day moving average price of $154.54 and a 200-day moving average price of $145.63. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.95 and a beta of 0.64. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90.

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

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. Leidos's dividend payout ratio 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.