Gilliland Jeter Wealth Management LLC Acquires Shares of 300 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Gilliland Jeter Wealth Management LLC acquired a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 300 shares of the business services provider’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BAH. Opal Wealth Advisors LLC purchased a new stake in Booz Allen Hamilton in the 2nd quarter worth $26,000. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton during the second quarter worth about $29,000. Banque Cantonale Vaudoise raised its position in shares of Booz Allen Hamilton by 112.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after purchasing an additional 109 shares during the last quarter. Innealta Capital LLC purchased a new position in Booz Allen Hamilton in the 2nd quarter valued at about $34,000. Finally, MCF Advisors LLC boosted its holdings in Booz Allen Hamilton by 103.6% in the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after buying an additional 115 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Matthew Calderone sold 3,865 shares of the 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 of the company’s stock, valued at approximately $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Melody C. Barnes sold 1,041 shares of the 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 directly owns 18,123 shares of the company’s stock, valued at $2,597,207.13. 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.

Wall Street Analysts Forecast Growth

BAH has been the subject of several research reports. Wells Fargo & Company boosted their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. TD Cowen decreased their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Barclays lowered 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. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, Truist Financial lifted their price objective on Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Two equities 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $170.75.

Booz Allen Hamilton Trading Up 0.4 %

NYSE:BAH opened at $163.91 on Monday. The stock has a fifty day moving average price of $156.80 and a 200 day moving average price of $152.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07. Booz Allen Hamilton Holding Co. has a 12-month low of $114.69 and a 12-month high of $164.58. The firm has a market cap of $21.20 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 2.33 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 EPS 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 net margin of 5.57% and a return on equity of 65.80%. Sell-side analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

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

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.