Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Fonville Wealth Management LLC

Fonville Wealth Management LLC reduced its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,429 shares of the aerospace company’s stock after selling 140 shares during the quarter. Fonville Wealth Management LLC’s holdings in Leidos were worth $206,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp boosted its stake in shares of Leidos by 1.0% in the third quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock valued at $945,458,000 after buying an additional 56,066 shares in the last quarter. JPMorgan Chase & Co. grew its position in Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after buying an additional 405,256 shares during the period. Geode Capital Management LLC increased its holdings in Leidos by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock valued at $546,912,000 after buying an additional 42,358 shares in the last quarter. FMR LLC lifted its position in shares of Leidos by 27.8% during the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock valued at $392,133,000 after acquiring an additional 522,764 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Leidos by 2.5% in the 3rd 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 during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Price Performance

Shares of NYSE:LDOS opened at $142.34 on Monday. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a 12 month low of $112.53 and a 12 month high of $202.90. The stock’s 50 day moving average price is $149.74 and its 200 day moving average price is $157.72.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. Leidos’s payout ratio is currently 18.22%.

Insiders Place Their Bets

In related news, Director Noel B. Geer acquired 2,000 shares of Leidos stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of $161.13 per share, with a total value of $322,260.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $322,260. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is owned by company insiders.

Analysts Set New Price Targets

LDOS has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Citigroup upped their price target on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company lowered their price target on shares of Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Barclays upped their target price on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Robert W. Baird boosted their price target on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.47.

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.