Booz Allen Hamilton Holding Corporation $BAH Shares Sold by Comerica Bank

Key Points

• Comerica Bank significantly reduced its stake in Booz Allen Hamilton by 81.8%, owning only 10,806 shares after selling 48,496 shares during the first quarter.
• The company reported a quarterly EPS of $1.48, which exceeded estimates, but revenue declined 0.6% year-over-year at $2.92 billion.
• Booz Allen Hamilton declared a quarterly dividend of $0.55, representing an annualized payout of $2.20 and a dividend yield of 2.1% with a payout ratio of 27.03%.

Comerica Bank trimmed its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 81.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,806 shares of the business services provider's stock after selling 48,496 shares during the quarter. Comerica Bank's holdings in Booz Allen Hamilton were worth $1,130,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Booz Allen Hamilton by 74.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after acquiring an additional 105 shares during the last quarter. Brooklyn Investment Group increased its stake in Booz Allen Hamilton by 102.8% in the first quarter. Brooklyn Investment Group now owns 294 shares of the business services provider's stock valued at $31,000 after purchasing an additional 149 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Booz Allen Hamilton in the fourth quarter valued at $33,000. Versant Capital Management Inc increased its stake in Booz Allen Hamilton by 627.3% in the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock valued at $33,000 after purchasing an additional 276 shares during the last quarter. Finally, CX Institutional acquired a new position in Booz Allen Hamilton in the first quarter valued at $33,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH opened at $103.07 on Friday. The firm has a market capitalization of $12.70 billion, a PE ratio of 12.66, a P/E/G ratio of 1.67 and a beta of 0.45. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78. The business has a 50-day moving average of $108.94 and a two-hundred day moving average of $110.54. Booz Allen Hamilton Holding Corporation has a 12 month low of $98.95 and a 12 month high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.45 by $0.03. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%.The firm's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 earnings per share. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. As a group, research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were paid a $0.55 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.1%. Booz Allen Hamilton's dividend payout ratio (DPR) is 27.03%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays dropped their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 28th. Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Stifel Nicolaus upped their target price on Booz Allen Hamilton from $112.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, July 28th. Finally, UBS Group set a $119.00 target price on Booz Allen Hamilton and gave the company a "neutral" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of "Hold" and an average price target of $134.00.

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.

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