Wellington Management Group LLP Sells 6,871 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Wellington Management Group LLP trimmed its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 205,725 shares of the business services provider's stock after selling 6,871 shares during the period. Wellington Management Group LLP owned about 0.16% of Booz Allen Hamilton worth $26,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of Booz Allen Hamilton by 85.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,481 shares of the business services provider's stock valued at $4,953,000 after buying an additional 17,688 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Booz Allen Hamilton in the 4th quarter valued at about $11,715,000. Capital A Wealth Management LLC bought a new stake in Booz Allen Hamilton in the 4th quarter valued at about $90,000. Armis Advisers LLC bought a new position in Booz Allen Hamilton in the 4th quarter worth approximately $285,000. Finally, Ascent Group LLC boosted its holdings in shares of Booz Allen Hamilton by 16.2% in the fourth quarter. Ascent Group LLC now owns 5,445 shares of the business services provider's stock worth $701,000 after acquiring an additional 759 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Down 1.1%

BAH stock traded down $1.12 during trading on Wednesday, hitting $103.80. 816,588 shares of the stock traded hands, compared to its average volume of 1,644,857. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. Booz Allen Hamilton Holding Co. has a 1 year low of $101.05 and a 1 year high of $190.59. The firm's 50 day moving average is $115.11 and its two-hundred day moving average is $123.18.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The company had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same period last year, the firm posted $1.33 earnings per share. Booz Allen Hamilton's revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton's payout ratio is 30.34%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BAH. Wells Fargo & Company lowered their price objective on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. William Blair downgraded shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Barclays cut their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 28th. Finally, Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $136.90.

Booz Allen Hamilton Company 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.