Cabot Wealth Management Inc. Increases Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cabot Wealth Management Inc. increased its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 126.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,254 shares of the business services provider’s stock after acquiring an additional 12,431 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Booz Allen Hamilton were worth $3,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BAH. Virtu Financial LLC bought a new position in Booz Allen Hamilton in the fourth quarter worth $206,000. HighPoint Advisor Group LLC bought a new position in Booz Allen Hamilton in the fourth quarter worth $519,000. NBC Securities Inc. raised its holdings in Booz Allen Hamilton by 13.5% in the first quarter. NBC Securities Inc. now owns 7,143 shares of the business services provider’s stock worth $1,161,000 after purchasing an additional 852 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Booz Allen Hamilton in the first quarter worth $29,007,000. Finally, Carolina Wealth Advisors LLC raised its holdings in Booz Allen Hamilton by 6.2% in the first quarter. Carolina Wealth Advisors LLC now owns 3,425 shares of the business services provider’s stock worth $508,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

BAH has been the subject of several analyst reports. Barclays reduced their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. StockNews.com upgraded Booz Allen Hamilton from a “sell” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group raised their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $170.75.

Booz Allen Hamilton Stock Performance

NYSE:BAH traded down $0.31 on Tuesday, hitting $162.34. The stock had a trading volume of 1,352,700 shares, compared to its average volume of 671,534. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of 35.29, a price-to-earnings-growth ratio of 2.33 and a beta of 0.59. 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 business’s 50-day simple moving average is $155.46 and its two-hundred day simple moving average is $152.34. Booz Allen Hamilton Holding Co. has a 52-week low of $114.69 and a 52-week high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts predict that Booz Allen Hamilton Holding Co. will post 5.97 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 dividend of $0.51 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.26%. Booz Allen Hamilton’s payout ratio is currently 44.35%.

Insider Activity

In related news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction that occurred 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 sale, the director now owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction that occurred on Monday, September 23rd. The stock was 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 directly owns 33,683 shares in the company, valued at approximately $5,389,280. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

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.