Sumitomo Mitsui Trust Group Inc. Decreases Position in Leidos Holdings, Inc. (NYSE:LDOS)

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 342,710 shares of the aerospace company’s stock after selling 8,096 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Leidos were worth $49,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC boosted its holdings in Leidos by 101.3% during the 3rd quarter. CWM LLC now owns 4,652 shares of the aerospace company’s stock valued at $758,000 after acquiring an additional 2,341 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Leidos by 8.0% during the third quarter. Ritholtz Wealth Management now owns 5,749 shares of the aerospace company’s stock valued at $937,000 after purchasing an additional 424 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Leidos by 3,896.8% in the third quarter. Exchange Traded Concepts LLC now owns 1,239 shares of the aerospace company’s stock worth $202,000 after purchasing an additional 1,208 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Leidos by 125.5% in the third quarter. Sound Income Strategies LLC now owns 2,808 shares of the aerospace company’s stock worth $458,000 after buying an additional 1,563 shares during the period. Finally, ORG Wealth Partners LLC bought a new stake in Leidos during the 3rd quarter valued at $122,000. 76.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Leidos

In other news, Director Noel B. Geer acquired 2,000 shares of Leidos stock in a transaction on Wednesday, November 20th. The stock was acquired at an average cost 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 trade 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 the SEC website. 0.96% of the stock is owned by company insiders.

Leidos Price Performance

Shares of LDOS opened at $142.86 on Tuesday. Leidos Holdings, Inc. has a fifty-two week low of $113.67 and a fifty-two week high of $202.90. The firm’s 50-day simple moving average is $149.74 and its two-hundred day simple moving average is $157.78. The stock has a market cap of $19.06 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 18.22%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Royal Bank of Canada boosted their price target on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. UBS Group started coverage on Leidos in a report on Monday, December 2nd. They issued a “neutral” rating and a $182.00 price objective for the company. Truist Financial reduced their target price on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.47.

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.