Tokio Marine Asset Management Co. Ltd. Sells 870 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Tokio Marine Asset Management Co. Ltd. decreased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 14.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,097 shares of the aerospace company’s stock after selling 870 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Leidos were worth $831,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. increased its stake in shares of Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after buying an additional 146 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Leidos in the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC purchased a new position in Leidos during the third quarter valued at approximately $30,000. 1832 Asset Management L.P. bought a new position in Leidos in the second quarter worth approximately $34,000. Finally, Blue Trust Inc. boosted its position in Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

NYSE LDOS opened at $160.63 on Friday. The stock has a 50-day simple moving average of $169.39 and a two-hundred day simple moving average of $155.25. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The firm has a market capitalization of $21.43 billion, a P/E ratio of 18.30, a PEG ratio of 1.30 and a beta of 0.68. Leidos Holdings, Inc. has a fifty-two week low of $104.63 and a fifty-two week high of $202.90.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.97. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.03 EPS. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.07 earnings per share for the current year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. Leidos’s dividend payout ratio is currently 17.31%.

Insider Activity at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were 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 approximately $3,899,594.97. This represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LDOS shares. TD Cowen upped their price objective on Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price objective on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup raised their target price on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price objective on Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Bank of America raised their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and a consensus price target 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.