NewEdge Wealth LLC Has $958,000 Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

NewEdge Wealth LLC boosted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,493 shares of the business services provider’s stock after acquiring an additional 1,000 shares during the quarter. NewEdge Wealth LLC’s holdings in Booz Allen Hamilton were worth $958,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Janiczek Wealth Management LLC bought a new stake in Booz Allen Hamilton in the 3rd quarter valued at $25,000. VisionPoint Advisory Group LLC lifted its position in Booz Allen Hamilton by 75.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 118 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Booz Allen Hamilton in the 3rd quarter valued at $31,000. DHJJ Financial Advisors Ltd. bought a new stake in Booz Allen Hamilton in the 3rd quarter valued at $34,000. Finally, BKM Wealth Management LLC bought a new stake in Booz Allen Hamilton in the 4th quarter valued at $40,000. 91.82% of the stock is owned by institutional investors.

Insider Activity at Booz Allen Hamilton

In related news, COO Kristine Anderson sold 5,068 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $139.88, for a total value of $708,911.84. Following the transaction, the chief operating officer now owns 71,656 shares in the company, valued at approximately $10,023,241.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Booz Allen Hamilton news, COO Kristine Anderson sold 5,068 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $139.88, for a total transaction of $708,911.84. Following the transaction, the chief operating officer now owns 71,656 shares in the company, valued at approximately $10,023,241.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the transaction, the chief financial officer now owns 25,462 shares in the company, valued at approximately $3,730,437.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,568 shares of company stock worth $8,067,487. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Company boosted their price target on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Barclays cut shares of Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 5th. JPMorgan Chase & Co. boosted their price target on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and a consensus target price of $145.11.

Booz Allen Hamilton Stock Down 1.3 %

Shares of BAH stock opened at $142.25 on Tuesday. Booz Allen Hamilton Holding Co. has a 52-week low of $89.80 and a 52-week high of $150.59. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 1.96 and a beta of 0.53. The firm’s 50-day moving average is $146.33 and its 200-day moving average is $133.51. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.68 and a current ratio of 1.68.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, January 26th. The business services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the business earned $1.07 EPS. Booz Allen Hamilton’s quarterly revenue was up 12.9% on a year-over-year basis. Sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 5.4 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were paid a $0.51 dividend. The ex-dividend date was Friday, February 9th. This represents a $2.04 dividend on an annualized basis and a yield of 1.43%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.47. Booz Allen Hamilton’s dividend payout ratio is 65.81%.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.