Hillsdale Investment Management Inc. Sells 1,000 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Hillsdale Investment Management Inc. trimmed its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 17.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,810 shares of the aerospace company’s stock after selling 1,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Leidos were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC increased its holdings in shares of Leidos by 83.0% in the fourth quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock valued at $1,177,000 after purchasing an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock valued at $1,800,000 after purchasing an additional 3,534 shares in the last quarter. Fiduciary Trust Co increased its holdings in shares of Leidos by 36.4% in the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after purchasing an additional 6,395 shares in the last quarter. LGT Fund Management Co Ltd. acquired a new stake in shares of Leidos in the fourth quarter valued at approximately $1,979,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Leidos in the third quarter valued at approximately $4,622,000. 76.12% of the stock is owned by institutional investors.

Leidos Trading Down 0.9 %

Shares of NYSE LDOS opened at $133.66 on Monday. The company’s fifty day moving average is $139.37 and its 200-day moving average is $154.29. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a twelve month low of $123.23 and a twelve month high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Equities research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

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 $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.20%. Leidos’s dividend payout ratio is currently 17.32%.

Insider Activity at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on LDOS shares. The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and lowered their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Cantor Fitzgerald raised shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. UBS Group lowered their target price on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company lowered their target price on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, StockNews.com lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 8th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $178.07.

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.