Kestra Private Wealth Services LLC Reduces Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

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Kestra Private Wealth Services LLC cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOSGet Rating) by 13.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,561 shares of the aerospace company’s stock after selling 711 shares during the period. Kestra Private Wealth Services LLC’s holdings in Leidos were worth $493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Leidos by 27.1% during the first quarter. EverSource Wealth Advisors LLC now owns 553 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 118 shares during the last quarter. Advisory Services Network LLC increased its holdings in Leidos by 54.6% in the first quarter. Advisory Services Network LLC now owns 3,923 shares of the aerospace company’s stock valued at $424,000 after buying an additional 1,386 shares during the last quarter. Sawtooth Solutions LLC bought a new stake in Leidos in the first quarter valued at about $309,000. Toroso Investments LLC bought a new stake in Leidos in the first quarter valued at about $203,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Leidos by 104.8% in the first quarter. BNP Paribas Arbitrage SA now owns 109,495 shares of the aerospace company’s stock valued at $11,828,000 after buying an additional 56,022 shares during the last quarter. 76.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on LDOS shares. Wells Fargo & Company lowered their price objective on Leidos from $109.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, August 3rd. Morgan Stanley boosted their price objective on Leidos from $107.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, August 3rd. Royal Bank of Canada assumed coverage on Leidos in a research note on Monday, August 29th. They issued a “sector perform” rating and a $106.00 target price for the company. Finally, Barclays downgraded Leidos from an “overweight” rating to an “equal weight” rating and set a $105.00 target price for the company. in a research note on Tuesday, June 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.13.

Leidos Stock Performance

Shares of NYSE LDOS opened at $93.20 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $98.65 and a 200-day simple moving average of $102.01. The company has a market cap of $12.73 billion, a PE ratio of 18.10, a P/E/G ratio of 2.12 and a beta of 0.75. Leidos Holdings, Inc. has a 12-month low of $81.07 and a 12-month high of $111.12.

Leidos (NYSE:LDOSGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The aerospace company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.04. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.52 billion. Leidos had a return on equity of 22.18% and a net margin of 5.15%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 6.35 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 1.55%. Leidos’s payout ratio is presently 27.96%.

Insider Activity

In related news, Director Surya N. Mohapatra sold 3,155 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $101.52, for a total value of $320,295.60. Following the completion of the sale, the director now directly owns 17,515 shares in the company, valued at approximately $1,778,122.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.67% of the stock is owned by corporate insiders.

Leidos Company Profile

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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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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