Cibc World Markets Corp Acquires 2,895 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Cibc World Markets Corp raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,778 shares of the aerospace company’s stock after purchasing an additional 2,895 shares during the quarter. Cibc World Markets Corp’s holdings in Leidos were worth $2,993,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC lifted its holdings in shares of Leidos by 83.0% in the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock worth $1,177,000 after acquiring an additional 3,703 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Leidos by 39.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after acquiring an additional 3,534 shares during the last quarter. Fiduciary Trust Co lifted its holdings in shares of Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after acquiring an additional 6,395 shares during the last quarter. LGT Fund Management Co Ltd. bought a new stake in shares of Leidos in the 4th quarter worth about $1,979,000. Finally, Rockefeller Capital Management L.P. bought a new stake in Leidos during the 3rd quarter valued at about $4,622,000. Institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

LDOS has been the subject of a number of research analyst reports. William Blair lowered shares of Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. UBS Group decreased their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company decreased their price objective on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. StockNews.com lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 8th. Finally, TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $178.07.

Insiders Place Their Bets

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s 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 sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Leidos Stock Down 2.7 %

Shares of Leidos stock opened at $134.80 on Friday. The firm’s 50 day moving average price is $139.69 and its 200-day moving average price is $154.48. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 52-week low of $123.23 and a 52-week high of $202.90. The company has a market cap of $17.28 billion, a P/E ratio of 14.59, a PEG ratio of 1.65 and a beta of 0.72.

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, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio is presently 17.32%.

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.