Chevy Chase Trust Holdings LLC Sells 2,001 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Chevy Chase Trust Holdings LLC lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 70,341 shares of the aerospace company’s stock after selling 2,001 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Leidos were worth $10,133,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its position in Leidos by 0.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 46,969 shares of the aerospace company’s stock valued at $6,787,000 after purchasing an additional 220 shares in the last quarter. Van ECK Associates Corp boosted its position in Leidos by 39.9% during the fourth quarter. Van ECK Associates Corp now owns 841,479 shares of the aerospace company’s stock valued at $121,223,000 after purchasing an additional 239,846 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new stake in Leidos during the fourth quarter valued at about $333,000. Wealthcare Capital Partners LLC bought a new stake in Leidos during the fourth quarter valued at about $439,000. Finally, Axecap Investments LLC boosted its holdings in Leidos by 19.6% in the fourth quarter. Axecap Investments LLC now owns 28,502 shares of the aerospace company’s stock worth $4,106,000 after acquiring an additional 4,661 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LDOS shares. Truist Financial lowered their price target on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Royal Bank of Canada raised their price target on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their price objective on Leidos from $199.00 to $197.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.27.

Leidos Stock Up 1.2 %

Shares of LDOS stock opened at $132.22 on Monday. The stock has a 50 day moving average of $146.93 and a 200 day moving average of $157.23. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The stock has a market cap of $17.64 billion, a P/E ratio of 15.06, a P/E/G ratio of 0.92 and a beta of 0.66. Leidos Holdings, Inc. has a twelve month low of $120.98 and a twelve month high of $202.90.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.31% and a net margin of 7.37%. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 10.03 EPS for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s payout ratio is currently 18.22%.

Insider Buying and Selling at Leidos

In other news, Director Noel B. Geer purchased 2,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $161.13 per share, with a total value of $322,260.00. Following the completion of the purchase, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

About Leidos

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.