Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance decreased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,559 shares of the business services provider’s stock after selling 533 shares during the quarter. Independent Advisor Alliance’s holdings in Booz Allen Hamilton were worth $1,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in Booz Allen Hamilton in the 2nd quarter valued at about $26,000. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the second quarter valued at approximately $29,000. Peterson Financial Group Inc. acquired a new stake in shares of Booz Allen Hamilton in the third quarter valued at approximately $31,000. Innealta Capital LLC purchased a new position in Booz Allen Hamilton during the second quarter worth approximately $34,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in Booz Allen Hamilton during the third quarter worth $45,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Up 0.8 %

Booz Allen Hamilton stock opened at $148.63 on Wednesday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a 50 day moving average price of $164.51 and a 200 day moving average price of $156.85. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59. The company has a market capitalization of $18.99 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.79 and a beta of 0.58.

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 dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is 32.03%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BAH. Wells Fargo & Company reduced their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a report on Tuesday. The Goldman Sachs Group lifted their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price target for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Barclays lifted their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $173.25.

Insider Activity at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % 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 the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction on 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 transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 in the last three months. 1.59% of the stock is owned by company 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.