Mitsubishi UFJ Trust & Banking Corp Sells 30,708 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 27.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,434 shares of the aerospace company’s stock after selling 30,708 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Leidos worth $11,587,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. raised its position in Leidos by 24.2% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,168 shares of the aerospace company’s stock valued at $456,000 after purchasing an additional 617 shares during the period. Bay Capital Advisors LLC purchased a new stake in Leidos during the 4th quarter valued at $232,000. EntryPoint Capital LLC lifted its position in Leidos by 104.9% in the fourth quarter. EntryPoint Capital LLC now owns 2,656 shares of the aerospace company’s stock worth $383,000 after buying an additional 1,360 shares during the last quarter. Interchange Capital Partners LLC boosted its stake in Leidos by 6.7% during the fourth quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company’s stock worth $244,000 after buying an additional 106 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Leidos by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company’s stock worth $2,225,784,000 after buying an additional 84,003 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LDOS shares. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and dropped their target price for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 8th. Finally, Truist Financial reduced their target price on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $178.07.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 11,264 shares in the company, valued at $1,478,287.36. The trade was a 15.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated Thursday, February 13th. The shares were 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 of the company’s stock, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Price Performance

NYSE LDOS opened at $133.95 on Friday. The company has a market cap of $17.17 billion, a PE ratio of 14.50, a P/E/G ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 52-week low of $123.23 and a 52-week high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The firm’s 50 day moving average price is $137.51 and its 200-day moving average price is $153.64.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 forecast 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. Stockholders of record on Friday, March 14th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, March 14th. Leidos’s dividend payout ratio is currently 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.