Bar Harbor Wealth Management Has $1.42 Million Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bar Harbor Wealth Management trimmed its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 86.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,045 shares of the business services provider’s stock after selling 67,659 shares during the period. Bar Harbor Wealth Management’s holdings in Booz Allen Hamilton were worth $1,421,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BAH. 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 acquired a new stake in shares of Booz Allen Hamilton during the third quarter worth approximately $60,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Booz Allen Hamilton in the second quarter valued at approximately $83,000. Finally, Covestor Ltd grew its position in Booz Allen Hamilton by 87.2% during the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock worth $103,000 after acquiring an additional 293 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the transaction, the chief financial officer now owns 29,618 shares of the company’s stock, valued at $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction 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 directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BAH. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a report on Monday, January 6th. The Goldman Sachs Group dropped their target price on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Wells Fargo & Company decreased their price target on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $161.78.

Booz Allen Hamilton Trading Up 2.1 %

NYSE:BAH traded up $2.76 on Monday, reaching $135.23. The company’s stock had a trading volume of 1,527,076 shares, compared to its average volume of 1,675,090. The firm has a market cap of $17.28 billion, a PE ratio of 21.23, a PEG ratio of 1.62 and a beta of 0.55. 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 business’s 50-day moving average price is $144.74 and its two-hundred day moving average price is $152.68. Booz Allen Hamilton Holding Co. has a 1-year low of $125.88 and a 1-year high of $190.59.

Booz Allen Hamilton Dividend Announcement

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

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.