M.E. Allison & CO. Inc. Takes $298,000 Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

M.E. Allison & CO. Inc. acquired a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,318 shares of the business services provider’s stock, valued at approximately $298,000.

A number of other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. raised its stake in Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock valued at $297,000 after buying an additional 59 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Booz Allen Hamilton by 13.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock worth $111,000 after purchasing an additional 79 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Booz Allen Hamilton by 5.5% during the third quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider’s stock worth $271,000 after buying an additional 86 shares during the period. AIA Group Ltd increased its position in shares of Booz Allen Hamilton by 0.9% in the 3rd quarter. AIA Group Ltd now owns 11,600 shares of the business services provider’s stock valued at $1,888,000 after acquiring an additional 100 shares during the period. Finally, Strategic Blueprint LLC increased its holdings in shares of Booz Allen Hamilton by 7.6% in the third quarter. Strategic Blueprint LLC now owns 1,647 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 116 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BAH has been the subject of several recent research reports. The Goldman Sachs Group reduced 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 report on Thursday, December 12th. UBS Group started coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target for the company. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Truist Financial cut their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Finally, Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price objective for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $161.78.

Insiders Place Their Bets

In other news, CFO Matthew Calderone sold 4,065 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 $670,725.00. Following the completion of the sale, the chief financial officer now owns 29,618 shares in the company, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton 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 completion of the sale, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Down 0.1 %

Shares of Booz Allen Hamilton stock opened at $136.22 on Monday. Booz Allen Hamilton Holding Co. has a 52-week low of $125.88 and a 52-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. The company has a market capitalization of $17.40 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.59 and a beta of 0.55. The company has a 50 day moving average of $140.20 and a 200 day moving average of $152.06.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.50%. Booz Allen Hamilton’s dividend 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.