Xcel Wealth Management LLC Takes Position in Leidos Holdings, Inc. (NYSE:LDOS)

Xcel Wealth Management LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,134 shares of the aerospace company's stock, valued at approximately $423,000.

A number of other hedge funds also recently modified their holdings of LDOS. Sowell Financial Services LLC acquired a new stake in Leidos during the 1st quarter worth approximately $267,000. HM Payson & Co. lifted its holdings in shares of Leidos by 959.8% during the fourth quarter. HM Payson & Co. now owns 2,374 shares of the aerospace company's stock worth $342,000 after buying an additional 2,150 shares in the last quarter. Invesco Ltd. lifted its holdings 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 buying an additional 682,532 shares in the last quarter. MidWestOne Financial Group Inc. boosted its position in shares of Leidos by 47.8% in the fourth quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock valued at $2,858,000 after acquiring an additional 6,418 shares during the period. Finally, LBP AM SA grew its stake in shares of Leidos by 54.8% in the fourth quarter. LBP AM SA now owns 21,665 shares of the aerospace company's stock valued at $3,121,000 after acquiring an additional 7,665 shares in the last quarter. Institutional investors and hedge funds 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 the firm's 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 sale, the director owned 20,195 shares of the company's stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. UBS Group lifted their price objective on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Robert W. Baird downgraded shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target for the company. in a research report on Tuesday, May 27th. Stifel Nicolaus set a $178.00 price target on Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada raised their price objective on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company upped their target price on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos has an average rating of "Moderate Buy" and a consensus price target of $177.46.

Leidos Trading Up 1.0%

Shares of Leidos stock opened at $162.59 on Thursday. The company's 50-day moving average price is $151.37 and its 200-day moving average price is $144.20. 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 12-month low of $123.62 and a 12-month high of $202.90. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.95 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last posted 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 32.62% and a net margin of 7.87%. The firm's revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.29 earnings per share. On average, equities analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 0.98%. Leidos's dividend payout ratio is currently 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.

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