CIBC Private Wealth Group LLC Sells 380 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

CIBC Private Wealth Group LLC lowered its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,123 shares of the aerospace company’s stock after selling 380 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Leidos were worth $892,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Duncker Streett & Co. Inc. bought a new position in shares of Leidos in the 4th quarter valued at about $27,000. Berbice Capital Management LLC bought a new stake in shares of Leidos in the 4th quarter valued at approximately $29,000. Mather Group LLC. boosted its holdings in shares of Leidos by 143.1% in the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 156 shares during the period. Human Investing LLC bought a new position in shares of Leidos during the 4th quarter valued at approximately $52,000. Finally, Vision Financial Markets LLC bought a new position in shares of Leidos during the 4th quarter valued at approximately $57,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Trading Down 4.3 %

NYSE LDOS opened at $133.50 on Friday. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company’s 50-day simple moving average is $135.79 and its two-hundred day simple moving average is $153.06.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Equities analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, March 14th. Leidos’s payout ratio is currently 17.32%.

Analyst Upgrades and Downgrades

LDOS has been the subject of several recent analyst reports. TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. UBS Group dropped their price target on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, Truist Financial reduced their price target on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $178.07.

Insider Buying and Selling at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction that occurred 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 sale, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, valued at $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Leidos 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.