Chancellor Financial Group WB LP Sells 1,185 Shares of Leidos Holdings, Inc. $LDOS

Chancellor Financial Group WB LP cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 35.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,200 shares of the aerospace company’s stock after selling 1,185 shares during the period. Chancellor Financial Group WB LP’s holdings in Leidos were worth $347,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Leidos by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company’s stock worth $461,065,000 after buying an additional 251,245 shares during the period. Massachusetts Financial Services Co. MA grew its position in Leidos by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock worth $315,250,000 after acquiring an additional 536,452 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Leidos by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company’s stock worth $253,262,000 after purchasing an additional 170,263 shares during the period. AQR Capital Management LLC lifted its position in Leidos by 3.0% in the first quarter. AQR Capital Management LLC now owns 1,183,157 shares of the aerospace company’s stock valued at $159,342,000 after purchasing an additional 34,328 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Leidos by 130.3% in the first quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock valued at $96,001,000 after purchasing an additional 402,454 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the transaction, the director directly owned 10,137 shares of the company’s stock, valued at $1,804,892.85. This trade represents a 16.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gregory R. Dahlberg sold 952 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the completion of the sale, the director owned 21,068 shares in the company, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,449 shares of company stock worth $2,751,229 in the last three months. 0.96% of the stock is owned by corporate insiders.

Leidos Stock Up 1.1%

LDOS stock opened at $196.89 on Friday. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $205.77. The company has a market capitalization of $25.17 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.80 and a beta of 0.69. The business’s 50 day moving average price is $187.93 and its two-hundred day moving average price is $169.30. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.50 and a current ratio of 1.62.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.44. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos had a return on equity of 33.02% and a net margin of 8.11%. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Leidos’s previous quarterly dividend of $0.40. Leidos’s payout ratio is currently 15.12%.

Wall Street Analyst Weigh In

LDOS has been the topic of several recent analyst reports. UBS Group raised their target price on shares of Leidos from $209.00 to $216.00 and gave the stock a “neutral” rating in a report on Wednesday. Wall Street Zen raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday. Royal Bank Of Canada restated an “outperform” rating and issued a $230.00 price objective on shares of Leidos in a research report on Wednesday. Zacks Research lowered shares of Leidos from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Finally, Citigroup reissued a “buy” rating and issued a $190.00 target price (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.23.

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.