The Manufacturers Life Insurance Company Sells 247 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

The Manufacturers Life Insurance Company reduced its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,619 shares of the aerospace company’s stock after selling 247 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Leidos worth $13,304,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Ballentine Partners LLC boosted its stake in Leidos by 3.5% in the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock worth $297,000 after purchasing an additional 62 shares during the period. Key Financial Inc boosted its position in shares of Leidos by 6.5% in the second quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock valued at $166,000 after acquiring an additional 70 shares during the period. Asahi Life Asset Management CO. LTD. grew its stake in Leidos by 3.2% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 70 shares in the last quarter. Somerset Trust Co increased its holdings in Leidos by 3.5% during the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock worth $396,000 after acquiring an additional 83 shares during the period. Finally, Apella Capital LLC lifted its stake in Leidos by 0.8% in the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock worth $1,878,000 after purchasing an additional 89 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the transaction, the director now owns 20,001 shares of the company’s stock, valued at $3,899,594.97. This represents a 12.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, the director now owns 6,408 shares in the company, valued at approximately $1,185,095.52. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Leidos Stock Up 0.9 %

Shares of NYSE:LDOS opened at $165.40 on Monday. The stock has a market capitalization of $22.07 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.11 and a beta of 0.68. The stock’s 50-day moving average price is $171.29 and its 200-day moving average price is $156.94. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. Leidos Holdings, Inc. has a 12-month low of $105.52 and a 12-month high of $202.90.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.03 EPS. On average, equities analysts anticipate that Leidos Holdings, Inc. will post 10.04 earnings per share for the current year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio (DPR) is 17.31%.

Analyst Ratings Changes

A number of research analysts have recently commented on LDOS shares. Citigroup boosted their price target on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays upped their target price on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Royal Bank of Canada lifted their price target on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lowered their target price on shares of Leidos from $230.00 to $205.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Finally, Bank of America boosted their price target on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.77.

About Leidos

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.