Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,145,403 shares of the aerospace company’s stock after purchasing an additional 9,065 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.83% of Leidos worth $101,345,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in Leidos by 23.5% in the second quarter. Cetera Investment Advisers now owns 3,088 shares of the aerospace company’s stock valued at $273,000 after buying an additional 588 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Leidos by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,833,340 shares of the aerospace company’s stock valued at $162,206,000 after buying an additional 55,983 shares during the last quarter. Veritable L.P. increased its holdings in Leidos by 3.4% in the second quarter. Veritable L.P. now owns 5,946 shares of the aerospace company’s stock valued at $526,000 after buying an additional 193 shares during the last quarter. AGF Management Ltd. increased its holdings in Leidos by 24.6% in the second quarter. AGF Management Ltd. now owns 43,331 shares of the aerospace company’s stock valued at $3,834,000 after buying an additional 8,548 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Leidos by 229.4% in the second quarter. Canada Pension Plan Investment Board now owns 163,700 shares of the aerospace company’s stock valued at $14,484,000 after buying an additional 114,000 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on LDOS shares. Stifel Nicolaus upped their price objective on shares of Leidos from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Citigroup upped their price objective on shares of Leidos from $107.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. TheStreet downgraded shares of Leidos from a “b-” rating to a “c” rating in a research note on Tuesday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Leidos from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Finally, Truist Financial upped their price objective on shares of Leidos from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.36.

Insider Buying and Selling at Leidos

In other Leidos news, insider Roy E. Stevens sold 929 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $103.20, for a total value of $95,872.80. Following the completion of the transaction, the insider now directly owns 39,053 shares of the company’s stock, valued at $4,030,269.60. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Roy E. Stevens sold 929 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $103.20, for a total transaction of $95,872.80. Following the completion of the transaction, the insider now directly owns 39,053 shares of the company’s stock, valued at approximately $4,030,269.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Noel B. Geer sold 2,106 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $103.23, for a total transaction of $217,402.38. Following the transaction, the director now directly owns 29,894 shares of the company’s stock, valued at $3,085,957.62. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by corporate insiders.

Leidos Price Performance

Shares of NYSE:LDOS opened at $105.91 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. The company has a market cap of $14.56 billion, a P/E ratio of 101.84, a PEG ratio of 1.83 and a beta of 0.76. Leidos Holdings, Inc. has a 52 week low of $76.58 and a 52 week high of $110.91. The company has a 50-day moving average price of $96.17 and a 200 day moving average price of $91.44.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, October 31st. The aerospace company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.36. Leidos had a net margin of 0.97% and a return on equity of 22.27%. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. Research analysts predict that Leidos Holdings, Inc. will post 7.03 earnings per share for the current year.

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Leidos’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.44%. Leidos’s dividend payout ratio (DPR) is 138.46%.

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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.