Cornerstone Planning Group LLC Sells 240 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Cornerstone Planning Group LLC lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 29.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 570 shares of the aerospace company’s stock after selling 240 shares during the quarter. Cornerstone Planning Group LLC’s holdings in Leidos were worth $93,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Ballentine Partners LLC boosted its stake in Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after acquiring an additional 62 shares during the last quarter. Key Financial Inc boosted its position in shares of Leidos by 6.5% in the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock worth $166,000 after purchasing an additional 70 shares during the last quarter. Asahi Life Asset Management CO. LTD. grew its stake in shares of 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 worth $372,000 after purchasing an additional 70 shares during the period. Bleakley Financial Group LLC increased its holdings in Leidos by 2.9% in the first quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock valued at $350,000 after purchasing an additional 76 shares during the last quarter. Finally, Somerset Trust Co lifted its stake in Leidos by 3.5% in the third quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Activity

In related news, Director Surya N. Mohapatra sold 2,748 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the sale, the director now directly owns 20,001 shares of the company’s stock, valued at $3,899,594.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Price Performance

Shares of NYSE LDOS opened at $204.00 on Wednesday. Leidos Holdings, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $204.00. The stock has a market capitalization of $27.22 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.35 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The business has a 50-day moving average of $167.47 and a 200-day moving average of $154.38.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.97. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $2.03 EPS. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 10.07 earnings per share for the current fiscal 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 paid a $0.40 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.78%. This is a boost from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio (DPR) is currently 17.31%.

Analysts Set New Price Targets

LDOS has been the subject of several analyst reports. TD Cowen boosted their target price on Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial boosted their price objective on shares of Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their target price on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Barclays lifted their price target on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average target price of $191.23.

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.