Somerset Trust Co Sells 75 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Somerset Trust Co cut its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,500 shares of the business services provider’s stock after selling 75 shares during the period. Somerset Trust Co’s holdings in Booz Allen Hamilton were worth $450,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Peterson Financial Group Inc. bought a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth about $31,000. Gilliland Jeter Wealth Management LLC bought a new stake in Booz Allen Hamilton during the third quarter worth about $45,000. Kennebec Savings Bank bought a new position in shares of Booz Allen Hamilton in the third quarter valued at approximately $60,000. Matrix Trust Co grew its position in Booz Allen Hamilton by 734.8% during the 4th quarter. Matrix Trust Co now owns 743 shares of the business services provider’s stock worth $96,000 after acquiring an additional 654 shares during the last quarter. Finally, Covestor Ltd raised its position in Booz Allen Hamilton by 87.2% in the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 293 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton 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 transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the business’s stock in a transaction dated 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 directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $136.22 on Friday. Booz Allen Hamilton Holding Co. has a twelve month low of $125.88 and a twelve month high of $190.59. The stock has a market capitalization of $17.40 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm’s 50 day moving average price is $140.20 and its 200-day moving average price is $152.08.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Analyst Ratings Changes

A number of brokerages have issued reports on BAH. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. UBS Group started coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 target price for the company. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Wells Fargo & Company reduced their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $161.78.

Booz Allen Hamilton Company 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.