Jaffetilchin Investment Partners LLC Lowers Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Jaffetilchin Investment Partners LLC decreased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 9.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,346 shares of the aerospace company’s stock after selling 1,244 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Leidos were worth $1,634,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LDOS. Vanguard Group Inc. increased its position in Leidos by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company’s stock valued at $2,225,784,000 after acquiring an additional 84,003 shares during the period. JPMorgan Chase & Co. grew its holdings in Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after purchasing an additional 405,256 shares during the last quarter. Geode Capital Management LLC raised its position in Leidos by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company’s stock worth $487,649,000 after acquiring an additional 27,410 shares during the last quarter. Invesco Ltd. increased its stake in shares of Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock worth $378,942,000 after purchasing an additional 682,532 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Leidos during the 4th quarter worth approximately $266,419,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Trading Up 1.7 %

Shares of LDOS stock opened at $142.05 on Friday. 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 stock has a market cap of $18.21 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.65 and a beta of 0.66. The firm has a fifty day moving average of $135.05 and a 200-day moving average of $152.11.

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

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, March 14th. Leidos’s dividend payout ratio is currently 17.32%.

Insider Activity

In related news, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s 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 completion of the transaction, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. This represents a 19.08 % 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 company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on LDOS. William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Truist Financial decreased their target price on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. 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 note on Wednesday, January 8th. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Five 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. Based on data from MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $180.00.

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.