Bank of America Corp DE Sells 115,344 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Bank of America Corp DE cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 611,222 shares of the aerospace company's stock after selling 115,344 shares during the quarter. Bank of America Corp DE owned approximately 0.46% of Leidos worth $88,053,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC increased its position in Leidos by 53.1% in the third quarter. Barclays PLC now owns 576,022 shares of the aerospace company's stock worth $93,891,000 after purchasing an additional 199,686 shares during the period. JPMorgan Chase & Co. increased its position in Leidos by 13.1% in the third 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. Wealth Enhancement Advisory Services LLC increased its position in Leidos by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 42,086 shares of the aerospace company's stock worth $6,063,000 after purchasing an additional 129 shares during the period. Czech National Bank increased its position in Leidos by 5.4% in the fourth quarter. Czech National Bank now owns 28,931 shares of the aerospace company's stock worth $4,168,000 after purchasing an additional 1,489 shares during the period. Finally, Fiduciary Alliance LLC acquired a new stake in Leidos in the fourth quarter worth about $736,000. 76.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. William Blair lowered Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. UBS Group boosted their target price on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Truist Financial cut their target price on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. StockNews.com cut Leidos from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada upped 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. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $180.69.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the company'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 transaction, the director now directly owns 20,195 shares of the company's stock, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Leidos Stock Performance

Leidos stock traded up $3.64 during trading hours on Thursday, hitting $156.70. The company had a trading volume of 1,170,688 shares, compared to its average volume of 1,212,051. The firm has a 50-day moving average of $141.33 and a 200 day moving average of $149.16. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a market cap of $20.17 billion, a PE ratio of 16.96, a PEG ratio of 1.65 and a beta of 0.65. 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 issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the firm posted $2.29 EPS. The company's revenue for the quarter was up 6.8% on a year-over-year basis. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, June 16th. Leidos's dividend payout ratio is 16.10%.

Leidos 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.