PNC Financial Services Group Inc. Sells 3,401 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

PNC Financial Services Group Inc. trimmed its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 17.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,116 shares of the aerospace company’s stock after selling 3,401 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Leidos were worth $2,322,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Banco Santander S.A. bought a new stake in shares of Leidos during the 4th quarter valued at $316,000. Prescott Group Capital Management L.L.C. increased its stake in Leidos by 133.3% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 21,000 shares of the aerospace company’s stock worth $3,025,000 after acquiring an additional 12,000 shares during the last quarter. Callan Family Office LLC bought a new position in Leidos in the 4th quarter worth about $291,000. Inceptionr LLC increased its stake in Leidos by 46.5% in the 4th quarter. Inceptionr LLC now owns 5,068 shares of the aerospace company’s stock worth $730,000 after acquiring an additional 1,609 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Leidos in the 4th quarter worth about $40,402,000. 76.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LDOS shares. TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and decreased their target price for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price on Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. StockNews.com lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned 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 $175.87.

Leidos Trading Up 1.3 %

Shares of LDOS stock opened at $134.59 on Friday. The stock has a market capitalization of $17.65 billion, a PE ratio of 14.57, a P/E/G ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 1-year low of $123.23 and a 1-year high of $202.90. The business has a 50-day moving average of $140.42 and a 200 day moving average of $155.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13.

Leidos (NYSE:LDOS) last issued its 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 30.93% and a net margin of 7.53%. As a group, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

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 1.19%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio (DPR) is currently 17.32%.

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.