Forte Capital LLC ADV Has $5 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Forte Capital LLC ADV grew its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 289.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,734 shares of the business services provider’s stock after purchasing an additional 22,841 shares during the quarter. Forte Capital LLC ADV’s holdings in Booz Allen Hamilton were worth $5,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new stake in Booz Allen Hamilton in the 2nd quarter valued at about $26,000. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton in the 2nd quarter worth approximately $29,000. Innealta Capital LLC purchased a new position in shares of Booz Allen Hamilton in the 2nd quarter worth approximately $34,000. Crewe Advisors LLC purchased a new position in shares of Booz Allen Hamilton in the 1st quarter worth approximately $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $45,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the transaction, the chief financial officer now owns 29,618 shares of the company’s stock, valued at $4,886,970. 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 is available through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 over the last 90 days. 1.59% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BAH has been the topic of a number of research analyst reports. Barclays boosted their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group upped their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. TD Cowen dropped their price objective on 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. Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price objective for the company from $180.00 to $190.00 in a research note on Monday. Finally, StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $180.63.

Booz Allen Hamilton Trading Down 2.9 %

Booz Allen Hamilton stock opened at $179.95 on Thursday. The stock has a market cap of $22.99 billion, a P/E ratio of 28.25, a PEG ratio of 2.48 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a fifty-two week low of $122.59 and a fifty-two week high of $190.59. The firm’s fifty day moving average price is $163.57 and its 200-day moving average price is $155.76. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.13%. Booz Allen Hamilton’s dividend payout ratio is presently 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.