Hsbc Holdings PLC Reduces Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Hsbc Holdings PLC reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 32.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 323,441 shares of the aerospace company's stock after selling 152,903 shares during the period. Hsbc Holdings PLC owned about 0.24% of Leidos worth $46,425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LDOS. Norges Bank bought a new position in shares of Leidos in the fourth quarter worth about $266,419,000. Alliancebernstein L.P. grew its holdings 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 buying an additional 835,930 shares during the period. Invesco Ltd. grew its position in shares of Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after purchasing an additional 682,532 shares during the period. JPMorgan Chase & Co. boosted its stake in Leidos by 13.1% in 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 lifted its stake in Leidos by 435.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock valued at $67,032,000 after acquiring an additional 377,756 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company dropped their target price on Leidos from $191.00 to $173.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. StockNews.com cut Leidos from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. TD Cowen lowered Leidos from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. Truist Financial reduced their target price on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, William Blair cut Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $179.23.

Leidos Stock Down 0.4 %

NYSE:LDOS traded down $0.56 on Wednesday, hitting $147.00. The stock had a trading volume of 156,422 shares, compared to its average volume of 1,209,738. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The business's fifty day moving average is $136.67 and its 200 day moving average is $150.27. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company has a market cap of $18.85 billion, a PE ratio of 15.91, a P/E/G ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. Leidos's payout ratio is 17.32%.

Insider Transactions at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

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.