Cumberland Partners Ltd Has $12.78 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cumberland Partners Ltd increased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 92.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 99,330 shares of the business services provider's stock after purchasing an additional 47,655 shares during the period. Cumberland Partners Ltd owned about 0.08% of Booz Allen Hamilton worth $12,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in Booz Allen Hamilton in the 3rd quarter worth approximately $31,000. Bogart Wealth LLC boosted its stake in Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after purchasing an additional 155 shares during the period. R Squared Ltd acquired a new position in Booz Allen Hamilton in the 4th quarter worth approximately $31,000. Roxbury Financial LLC acquired a new position in Booz Allen Hamilton in the 4th quarter worth approximately $35,000. Finally, Berbice Capital Management LLC acquired a new position in Booz Allen Hamilton in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BAH shares. The Goldman Sachs Group decreased 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 note on Thursday, December 12th. Cantor Fitzgerald started coverage on shares of Booz Allen Hamilton in a research note on Friday, February 7th. They set an "overweight" rating and a $160.00 target price for the company. TD Cowen decreased their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating for the company in a research note on Monday, February 3rd. Finally, Truist Financial decreased their target price on shares of 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $158.91.

Booz Allen Hamilton Stock Down 1.2 %

Shares of Booz Allen Hamilton stock traded down $1.36 during midday trading on Friday, reaching $112.27. 4,374,811 shares of the company's stock traded hands, compared to its average volume of 2,043,756. The company has a market cap of $14.22 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 1.26 and a beta of 0.55. The company's 50 day simple moving average is $129.46 and its 200 day simple moving average is $147.77. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. Booz Allen Hamilton Holding Co. has a 52 week low of $106.69 and a 52 week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating 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%. Equities 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio (DPR) is 32.79%.

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.