Cumberland Partners Ltd Boosts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cumberland Partners Ltd raised its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 39.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,675 shares of the business services provider’s stock after purchasing an additional 14,620 shares during the quarter. Cumberland Partners Ltd’s holdings in Booz Allen Hamilton were worth $8,411,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in Booz Allen Hamilton in the 2nd quarter valued at $26,000. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton during the 2nd quarter worth approximately $29,000. Innealta Capital LLC purchased a new position in Booz Allen Hamilton in the 2nd quarter worth approximately $34,000. Crewe Advisors LLC acquired a new stake in Booz Allen Hamilton in the first quarter valued at approximately $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Booz Allen Hamilton during the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the business’s 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,173 shares of company stock worth $1,989,220. Insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Performance

BAH stock traded down $1.57 during midday trading on Tuesday, reaching $181.83. The company had a trading volume of 80,928 shares, compared to its average volume of 714,939. 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 stock has a 50 day moving average price of $164.92 and a 200 day moving average price of $156.61. The firm has a market capitalization of $23.23 billion, a PE ratio of 28.79, a P/E/G ratio of 2.52 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is 32.03%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BAH. TD Cowen decreased their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Barclays boosted their price target 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. Truist Financial lifted their price objective on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a report on Monday, October 28th. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Hold” and an average price target of $180.63.

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.