Capital Investment Advisors LLC cut its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,808 shares of the business services provider’s stock after selling 303 shares during the period. Capital Investment Advisors LLC’s holdings in Booz Allen Hamilton were worth $1,542,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Booz Allen Hamilton by 74.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider’s stock worth $26,000 after buying an additional 105 shares in the last quarter. Brooklyn Investment Group increased its holdings in Booz Allen Hamilton by 102.8% during the 1st quarter. Brooklyn Investment Group now owns 294 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc increased its holdings in Booz Allen Hamilton by 627.3% during the 1st quarter. Versant Capital Management Inc now owns 320 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 276 shares in the last quarter. CX Institutional acquired a new stake in Booz Allen Hamilton during the 1st quarter valued at $33,000. Finally, NBC Securities Inc. acquired a new stake in Booz Allen Hamilton during the 1st quarter valued at $35,000. 91.82% of the stock is owned by institutional investors and hedge funds.
Booz Allen Hamilton Stock Up 2.5%
NYSE BAH opened at $102.40 on Thursday. The stock has a fifty day moving average of $106.34 and a 200-day moving average of $109.17. The stock has a market capitalization of $12.62 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. Booz Allen Hamilton Holding Corporation has a 52 week low of $96.96 and a 52 week high of $190.59. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78.
Booz Allen Hamilton Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 27.03%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price target on Booz Allen Hamilton from $112.00 to $119.00 and gave the company a “hold” rating in a report on Monday, July 28th. UBS Group set a $119.00 price target on Booz Allen Hamilton and gave the company a “neutral” rating in a report on Monday, July 28th. JPMorgan Chase & Co. raised their price target on Booz Allen Hamilton from $115.00 to $122.00 and gave the company an “underweight” rating in a report on Monday, July 28th. Finally, William Blair raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $134.00.
View Our Latest Research Report on BAH
Booz Allen Hamilton Profile
Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.
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