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

Wellington Management Group LLP reduced its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 99.2% in the third quarter, HoldingsChannel reports. The fund owned 9,742 shares of the aerospace company’s stock after selling 1,168,267 shares during the period. Wellington Management Group LLP’s holdings in Leidos were worth $1,588,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LDOS. State Street Corp boosted its position in shares of Leidos by 1.0% in the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock worth $945,458,000 after purchasing an additional 56,066 shares in the last quarter. FMR LLC raised its stake in Leidos by 27.8% during the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock valued at $392,133,000 after buying an additional 522,764 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Leidos by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company’s stock worth $351,007,000 after acquiring an additional 53,307 shares in the last quarter. Millennium Management LLC grew its stake in shares of Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after acquiring an additional 691,575 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Leidos by 51.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock valued at $136,491,000 after acquiring an additional 283,558 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on LDOS shares. Truist Financial cut their price objective on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Barclays increased their price target on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Wells Fargo & Company lowered their price objective on Leidos from $230.00 to $205.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, UBS Group began coverage on Leidos in a report on Monday, December 2nd. They set a “neutral” rating and a $182.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $182.00.

Leidos Stock Down 2.7 %

LDOS opened at $146.05 on Thursday. The firm’s 50 day simple moving average is $169.87 and its two-hundred day simple moving average is $157.70. The company has a market capitalization of $19.49 billion, a PE ratio of 16.63, a PEG ratio of 1.04 and a beta of 0.64. Leidos Holdings, Inc. has a 1-year low of $105.52 and a 1-year high of $202.90. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. Leidos’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.03 earnings per share. As a group, equities analysts forecast that Leidos Holdings, Inc. will post 9.89 EPS for the current year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.40 per share. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. Leidos’s payout ratio is 18.22%.

Insider Buying and Selling

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the transaction, the director now owns 20,001 shares of the company’s stock, valued at $3,899,594.97. This represents a 12.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noel B. Geer bought 2,000 shares of Leidos stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $322,260. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by insiders.

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.