Sumitomo Mitsui Trust Group Inc. Has $49.37 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Sumitomo Mitsui Trust Group Inc. cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,710 shares of the aerospace company’s stock after selling 8,096 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of Leidos worth $49,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ballentine Partners LLC grew its holdings in Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock worth $297,000 after purchasing an additional 62 shares during the period. Asahi Life Asset Management CO. LTD. boosted its position in shares of Leidos by 3.2% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock worth $372,000 after purchasing an additional 70 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Leidos by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock valued at $394,000 after buying an additional 86 shares during the period. Contravisory Investment Management Inc. increased its position in Leidos by 2.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock valued at $691,000 after buying an additional 95 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in Leidos by 6.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company’s stock worth $274,000 after buying an additional 99 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup boosted their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Cantor Fitzgerald initiated coverage on shares of Leidos in a research note on Friday. They set an “overweight” rating and a $185.00 price target for the company. Wells Fargo & Company dropped their price objective on shares of Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Barclays boosted their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada raised their price target on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Leidos Stock Performance

NYSE LDOS opened at $142.86 on Tuesday. The company’s 50 day simple moving average is $149.74 and its two-hundred day simple moving average is $157.78. The stock has a market capitalization of $19.06 billion, a PE ratio of 16.27, a P/E/G ratio of 0.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a 1 year low of $113.67 and a 1 year high of $202.90.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio is 18.22%.

Insider Buying and Selling

In other news, Director Noel B. Geer bought 2,000 shares of Leidos stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $322,260. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by company insiders.

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.