Cumberland Partners Ltd Acquires 47,655 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cumberland Partners Ltd grew its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 92.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,330 shares of the business services provider’s stock after buying an additional 47,655 shares during the period. Cumberland Partners Ltd’s holdings in Booz Allen Hamilton were worth $12,784,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Creative Planning boosted its position in Booz Allen Hamilton by 11.3% during the third quarter. Creative Planning now owns 7,485 shares of the business services provider’s stock worth $1,218,000 after purchasing an additional 758 shares during the period. Blue Trust Inc. boosted its holdings in shares of Booz Allen Hamilton by 36.5% during the 3rd quarter. Blue Trust Inc. now owns 2,808 shares of the business services provider’s stock worth $432,000 after buying an additional 751 shares during the period. Cyndeo Wealth Partners LLC acquired a new position in Booz Allen Hamilton in the 3rd quarter valued at $201,000. Sequoia Financial Advisors LLC raised its holdings in Booz Allen Hamilton by 47.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,729 shares of the business services provider’s stock worth $444,000 after acquiring an additional 879 shares during the period. Finally, Symphony Financial Ltd. Co. bought a new position in Booz Allen Hamilton in the 3rd quarter worth $235,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $117.83 on Thursday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s fifty day simple moving average is $130.34 and its 200 day simple moving average is $148.23. Booz Allen Hamilton Holding Co. has a one year low of $115.67 and a one year high of $190.59. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.31 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. On average, analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a $0.55 dividend. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton’s payout ratio is presently 32.79%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BAH. Truist Financial lowered their price target 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. UBS Group initiated coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 target price on the stock. Cantor Fitzgerald initiated coverage on Booz Allen Hamilton in a research report on Friday, February 7th. They issued an “overweight” rating and a $160.00 price objective for the company. 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 on the stock in a research report on Thursday, December 12th. Finally, StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.91.

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.