CW Advisors LLC lowered its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 13.6% during the second quarter, HoldingsChannel.com reports. The fund owned 75,686 shares of the business services provider’s stock after selling 11,899 shares during the quarter. CW Advisors LLC’s holdings in Booz Allen Hamilton were worth $7,881,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group boosted its position in shares of 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. WPG Advisers LLC bought a new position in shares of Booz Allen Hamilton during the 1st quarter worth approximately $35,000. Ransom Advisory Ltd acquired a new stake in shares of Booz Allen Hamilton during the 1st quarter worth approximately $35,000. Golden State Wealth Management LLC increased its stake in shares of Booz Allen Hamilton by 244.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 338 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 240 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at $39,000. 91.82% of the stock is owned by institutional investors.
Booz Allen Hamilton Stock Performance
Shares of BAH opened at $87.52 on Friday. The firm has a market capitalization of $10.62 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.46 and a beta of 0.34. Booz Allen Hamilton Holding Corporation has a 52 week low of $79.23 and a 52 week high of $149.27. The stock has a 50 day moving average price of $90.54 and a two-hundred day moving average price of $101.33. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.76 and a current ratio of 1.76.
Booz Allen Hamilton Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were paid a $0.55 dividend. The ex-dividend date was Friday, November 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.5%. Booz Allen Hamilton’s dividend payout ratio is presently 33.59%.
Wall Street Analyst Weigh In
BAH has been the subject of several research analyst reports. Zacks Research raised shares of Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Stifel Nicolaus set a $106.00 target price on Booz Allen Hamilton in a research report on Friday, October 24th. UBS Group cut their price target on Booz Allen Hamilton from $115.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. The Goldman Sachs Group reduced their price objective on Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating for the company in a research note on Monday, October 27th. Finally, TD Cowen reaffirmed a “hold” rating and set a $105.00 target price (down from $125.00) on shares of Booz Allen Hamilton in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $110.82.
Read Our Latest Research Report on Booz Allen Hamilton
Insider Activity at Booz Allen Hamilton
In other news, CEO Horacio Rozanski purchased 23,800 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average cost of $84.66 per share, with a total value of $2,014,908.00. Following the completion of the transaction, the chief executive officer directly owned 687,745 shares of the company’s stock, valued at approximately $58,224,491.70. This trade represents a 3.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by corporate insiders.
About Booz Allen Hamilton
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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