Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,051 shares of the aerospace company’s stock after purchasing an additional 20,972 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Leidos were worth $31,645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Private Advisor Group LLC grew its position in Leidos by 83.0% in the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock valued at $1,177,000 after buying an additional 3,703 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Leidos by 39.6% during the fourth 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 period. LGT Fund Management Co Ltd. purchased a new position in Leidos during the fourth quarter worth about $1,979,000. Rockefeller Capital Management L.P. acquired a new stake in Leidos in the third quarter valued at about $4,622,000. Finally, Sanctuary Advisors LLC boosted its holdings in Leidos by 99.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,644 shares of the aerospace company’s stock valued at $4,575,000 after purchasing an additional 13,818 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction dated 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 in the company, valued at $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the transaction, the director now directly owns 11,264 shares of the company’s stock, 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. Insiders own 0.96% of the company’s stock.

Leidos Trading Down 1.3 %

Shares of Leidos stock opened at $133.95 on Friday. The business has a 50 day moving average price of $137.51 and a 200 day moving average price of $153.64. The company has a market capitalization of $17.17 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.65 and a beta of 0.72. 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 Holdings, Inc. has a 1 year low of $123.23 and a 1 year high of $202.90.

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 return on equity of 30.93% and a net margin of 7.53%. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. Leidos’s dividend payout ratio is currently 17.32%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LDOS. Wells Fargo & Company cut their target price on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. UBS Group cut their price target 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. Finally, TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $178.07.

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.