Wellington Management Group LLP Raises Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Wellington Management Group LLP increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 356.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,432 shares of the aerospace company's stock after acquiring an additional 34,690 shares during the quarter. Wellington Management Group LLP's holdings in Leidos were worth $6,401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Leidos in the fourth quarter worth approximately $266,419,000. Alliancebernstein L.P. lifted its stake in shares of Leidos by 510.6% in the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock valued at $144,011,000 after purchasing an additional 835,930 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after purchasing 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 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after purchasing an additional 377,756 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insiders Place Their Bets

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the transaction, the director now owns 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on LDOS shares. Truist Financial lowered their price target on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a research note on Tuesday, May 27th. Royal Bank of Canada raised their price objective on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. UBS Group upped 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. Finally, Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.46.

Leidos Trading Up 0.6%

Shares of Leidos stock traded up $0.88 during mid-day trading on Thursday, hitting $145.30. 988,988 shares of the stock were exchanged, compared to its average volume of 1,248,556. The stock has a market capitalization of $18.70 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The company has a 50-day simple moving average of $146.39 and a 200 day simple moving average of $145.66.

Leidos (NYSE:LDOS - Get Free Report) last announced 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 net margin of 7.53% and a return on equity of 30.93%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter last year, the business earned $2.29 earnings per share. Leidos's revenue was up 6.8% compared to the same quarter last year. Research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 1.10%. 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.