Capital Asset Advisory Services LLC Has $290,000 Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Capital Asset Advisory Services LLC lowered its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 25.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,973 shares of the business services provider’s stock after selling 683 shares during the period. Capital Asset Advisory Services LLC’s holdings in Booz Allen Hamilton were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BAH. Acadian Asset Management LLC acquired a new stake in Booz Allen Hamilton in the third quarter valued at approximately $31,000. LPL Financial LLC boosted its position in Booz Allen Hamilton by 21.3% in the third quarter. LPL Financial LLC now owns 54,409 shares of the business services provider’s stock valued at $5,945,000 after buying an additional 9,558 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Booz Allen Hamilton by 0.3% during the third quarter. Stifel Financial Corp now owns 85,166 shares of the business services provider’s stock worth $9,306,000 after purchasing an additional 280 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Booz Allen Hamilton during the third quarter worth $870,000. Finally, Trexquant Investment LP acquired a new position in shares of Booz Allen Hamilton during the third quarter worth $3,273,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Buying and Selling at Booz Allen Hamilton

In other news, EVP Susan L. Penfield sold 18,522 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $153.73, for a total transaction of $2,847,387.06. Following the completion of the sale, the executive vice president now directly owns 33,788 shares of the company’s stock, valued at $5,194,229.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Susan L. Penfield sold 18,522 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $153.73, for a total transaction of $2,847,387.06. Following the completion of the sale, the executive vice president now directly owns 33,788 shares of the company’s stock, valued at $5,194,229.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Horacio Rozanski sold 34,571 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the sale, the chief executive officer now directly owns 579,025 shares of the company’s stock, valued at $89,256,703.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,255 shares of company stock valued at $8,970,026. Corporate insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Down 1.5 %

BAH traded down $2.33 during midday trading on Friday, hitting $153.92. The company had a trading volume of 1,816,822 shares, compared to its average volume of 663,312. Booz Allen Hamilton Holding Co. has a 52 week low of $106.90 and a 52 week high of $164.43. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 1.85 and a beta of 0.57. The stock’s 50 day moving average price is $151.62 and its 200 day moving average price is $143.35.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.10. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. On average, research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.04 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, June 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 44.35%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Truist Financial lifted their price target on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, May 28th. Stifel Nicolaus lifted their price target on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Jefferies Financial Group lifted their price target on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Wells Fargo & Company lifted their price target on shares of Booz Allen Hamilton from $158.00 to $169.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $159.78.

Booz Allen Hamilton Company 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.