M.E. Allison & CO. Inc. Makes New $298,000 Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

M.E. Allison & CO. Inc. acquired a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,318 shares of the business services provider’s stock, valued at approximately $298,000.

A number of other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its position in shares of Booz Allen Hamilton by 3.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after buying an additional 59 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Booz Allen Hamilton by 13.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock worth $111,000 after buying an additional 79 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of Booz Allen Hamilton by 5.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider’s stock valued at $271,000 after buying an additional 86 shares during the last quarter. AIA Group Ltd increased its holdings in Booz Allen Hamilton by 0.9% during the 3rd quarter. AIA Group Ltd now owns 11,600 shares of the business services provider’s stock worth $1,888,000 after acquiring an additional 100 shares during the period. Finally, Strategic Blueprint LLC increased its holdings in shares of Booz Allen Hamilton by 7.6% in the third quarter. Strategic Blueprint LLC now owns 1,647 shares of the business services provider’s stock worth $268,000 after purchasing an additional 116 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BAH has been the topic of several recent analyst reports. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a report on Monday, January 6th. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price target for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. Wells Fargo & Company reduced their price objective on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. UBS Group initiated coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 target price for the company. Finally, TD Cowen reduced their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $161.78.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 14.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Price Performance

BAH opened at $136.22 on Monday. The stock has a 50-day moving average price of $140.20 and a 200-day moving average price of $152.06. The firm has a market cap of $17.40 billion, a PE ratio of 21.38, a P/E/G ratio of 1.59 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a 1 year low of $125.88 and a 1 year high of $190.59. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.50%. The ex-dividend date was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

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.