Milestone Resources Group Ltd Purchases New Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Milestone Resources Group Ltd acquired a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 63,550 shares of the business services provider’s stock, valued at approximately $10,343,000. Booz Allen Hamilton comprises approximately 0.4% of Milestone Resources Group Ltd’s holdings, making the stock its 21st largest holding.

Several other large investors also recently added to or reduced their stakes in BAH. Franklin Resources Inc. grew its holdings in shares of Booz Allen Hamilton by 9.1% in the third quarter. Franklin Resources Inc. now owns 87,607 shares of the business services provider’s stock valued at $14,249,000 after purchasing an additional 7,271 shares during the period. Tidal Investments LLC increased its holdings in shares of Booz Allen Hamilton by 17.7% during the 3rd quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider’s stock worth $2,143,000 after buying an additional 1,979 shares during the last quarter. World Investment Advisors LLC raised its position in shares of Booz Allen Hamilton by 26.1% during the 3rd quarter. World Investment Advisors LLC now owns 6,719 shares of the business services provider’s stock valued at $1,094,000 after buying an additional 1,390 shares during the period. Anchor Investment Management LLC lifted its holdings in Booz Allen Hamilton by 865.7% in the third quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 580 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in Booz Allen Hamilton by 41.8% in the third quarter. Sunbelt Securities Inc. now owns 1,358 shares of the business services provider’s stock worth $221,000 after acquiring an additional 400 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BAH. Wells Fargo & Company decreased their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their target price for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. UBS Group assumed coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target on the stock. The Goldman Sachs Group lowered their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Truist Financial cut their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $167.44.

Insider Activity

In related news, EVP Richard Crowe sold 4,243 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 $700,095.00. Following the completion of the sale, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This represents a 14.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,173 shares of company stock worth $1,989,220. Corporate insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Down 0.6 %

Booz Allen Hamilton stock traded down $0.87 during midday trading on Friday, reaching $134.73. The company’s stock had a trading volume of 54,425 shares, compared to its average volume of 863,646. The business has a 50-day simple moving average of $160.48 and a 200-day simple moving average of $155.97. The company has a market cap of $17.21 billion, a P/E ratio of 21.29, a P/E/G ratio of 1.62 and a beta of 0.52. 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 quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.51%. Booz Allen Hamilton’s dividend payout ratio is presently 32.03%.

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.