Leidos Holdings, Inc. (NYSE:LDOS) Stock Holdings Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Leidos Holdings, Inc. (NYSE:LDOS) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,718 shares of the aerospace company’s stock after purchasing an additional 340 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Leidos were worth $2,120,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC increased its holdings in shares of Leidos by 3.5% during the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after purchasing an additional 62 shares during the period. Asahi Life Asset Management CO. LTD. grew its position in Leidos by 3.2% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after buying an additional 70 shares in the last quarter. Fifth Third Bancorp increased its stake in Leidos by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock valued at $394,000 after buying an additional 86 shares during the period. Contravisory Investment Management Inc. raised its position in shares of Leidos by 2.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock worth $691,000 after buying an additional 95 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in shares of Leidos by 6.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company’s stock worth $274,000 after acquiring an additional 99 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Trading Up 0.4 %

Leidos stock opened at $142.86 on Tuesday. The company has a 50 day moving average price of $149.74 and a 200 day moving average price of $157.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos Holdings, Inc. has a 52 week low of $113.67 and a 52 week high of $202.90. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 0.92 and a beta of 0.66.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. Leidos’s dividend payout ratio is 18.22%.

Insider Buying and Selling

In related news, Director Noel B. Geer acquired 2,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $322,260. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LDOS. TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and lowered their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Robert W. Baird boosted their price objective on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial cut their price objective on Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a report on Friday, November 22nd. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, Royal Bank of Canada upped their price target on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Five research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

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.