Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC reduced its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 311,902 shares of the business services provider’s stock after selling 2,205 shares during the period. Booz Allen Hamilton makes up approximately 2.6% of Waters Parkerson & CO. LLC’s holdings, making the stock its 10th biggest holding. Waters Parkerson & CO. LLC owned 0.24% of Booz Allen Hamilton worth $48,002,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Bridges Investment Management Inc. lifted its holdings in shares of Booz Allen Hamilton by 372.3% in the second quarter. Bridges Investment Management Inc. now owns 97,502 shares of the business services provider’s stock valued at $15,006,000 after purchasing an additional 76,859 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Booz Allen Hamilton in the 2nd quarter valued at approximately $308,000. Blair William & Co. IL lifted its stake in Booz Allen Hamilton by 11.9% in the 2nd quarter. Blair William & Co. IL now owns 510,530 shares of the business services provider’s stock valued at $78,571,000 after acquiring an additional 54,170 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Booz Allen Hamilton by 13.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,518 shares of the business services provider’s stock worth $1,446,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of Booz Allen Hamilton by 2.2% during the 2nd quarter. Amalgamated Bank now owns 8,653 shares of the business services provider’s stock worth $1,332,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 1.1 %

Shares of NYSE:BAH opened at $156.14 on Friday. The company has a 50-day simple moving average of $152.10 and a 200 day simple moving average of $150.62. The company has a market capitalization of $20.19 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. Booz Allen Hamilton Holding Co. has a 52-week low of $106.90 and a 52-week high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is presently 44.35%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. Barclays cut their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. TD Cowen dropped their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Finally, Truist Financial raised their price target on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.33.

Insider Transactions at Booz Allen Hamilton

In related news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.59% 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.