Bartlett & CO. Wealth Management LLC Lowers Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bartlett & CO. Wealth Management LLC decreased its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 531,224 shares of the business services provider’s stock after selling 12,240 shares during the period. Booz Allen Hamilton comprises approximately 1.2% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 23rd biggest position. Bartlett & CO. Wealth Management LLC’s holdings in Booz Allen Hamilton were worth $86,462,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in Booz Allen Hamilton during the 2nd quarter worth approximately $26,000. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at $29,000. Banque Cantonale Vaudoise boosted its holdings in Booz Allen Hamilton by 112.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after buying an additional 109 shares during the period. MCF Advisors LLC boosted its stake in shares of Booz Allen Hamilton by 103.6% in the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after acquiring an additional 115 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of Booz Allen Hamilton during the second quarter worth about $34,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 0.4 %

BAH stock opened at $163.91 on Friday. Booz Allen Hamilton Holding Co. has a twelve month low of $114.69 and a twelve month high of $164.58. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The firm’s fifty day simple moving average is $156.80 and its two-hundred day simple moving average is $152.70. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 2.33 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. As a group, analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.24%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BAH shares. TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. StockNews.com raised Booz Allen Hamilton from a “sell” rating to a “hold” rating in a report on Monday, October 14th. 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 report on Thursday, September 5th. Finally, Wells Fargo & Company upped their price objective on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $170.75.

Insider Transactions at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now directly owns 18,123 shares in the company, valued at approximately $2,597,207.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

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.