Icon Wealth Advisors LLC Cuts Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Icon Wealth Advisors LLC trimmed its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 66.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 381 shares of the business services provider’s stock after selling 767 shares during the period. Icon Wealth Advisors LLC’s holdings in Booz Allen Hamilton were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its holdings in Booz Allen Hamilton by 3.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 59 shares during the period. First Horizon Advisors Inc. raised its holdings in Booz Allen Hamilton by 4.5% during the second quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after purchasing an additional 69 shares during the last quarter. X Square Capital LLC grew its position in shares of Booz Allen Hamilton by 0.7% in the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock valued at $1,617,000 after purchasing an additional 72 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Booz Allen Hamilton by 13.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 79 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Booz Allen Hamilton by 1.9% in the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after purchasing an additional 82 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by company insiders.

Booz Allen Hamilton Stock Down 0.4 %

Booz Allen Hamilton stock opened at $149.22 on Monday. The company has a market cap of $19.07 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.80 and a beta of 0.58. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a fifty day simple moving average of $164.73 and a 200 day simple moving average of $156.90. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio is presently 32.03%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BAH. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. TD Cowen reduced their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. The Goldman Sachs Group upped their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus target price of $176.88.

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.