Hedeker Wealth LLC Decreases Stock Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Hedeker Wealth LLC reduced its position in Booz Allen Hamilton Holding Corporation by 10.5%, resulting in ownership of 29,490 shares valued at approximately $3.08 million.
• Wall Street analysts have issued mixed ratings on Booz Allen Hamilton, with an average target price of $134.64, while several firms like JPMorgan and Truist Financial have lowered their price targets.
• Booz Allen Hamilton recently announced a quarterly dividend of $0.55 per share, marking an annualized yield of 1.94% and a payout ratio of 30.34%.

Hedeker Wealth LLC reduced its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 10.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,490 shares of the business services provider's stock after selling 3,459 shares during the period. Hedeker Wealth LLC's holdings in Booz Allen Hamilton were worth $3,084,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. increased its position in shares of Booz Allen Hamilton by 79.1% during the fourth quarter. Sei Investments Co. now owns 156,095 shares of the business services provider's stock valued at $20,089,000 after acquiring an additional 68,949 shares in the last quarter. LPL Financial LLC increased its position in shares of Booz Allen Hamilton by 17.1% during the fourth quarter. LPL Financial LLC now owns 107,690 shares of the business services provider's stock valued at $13,860,000 after acquiring an additional 15,756 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $206,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Booz Allen Hamilton by 6.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 91,915 shares of the business services provider's stock valued at $12,126,000 after acquiring an additional 5,651 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co increased its position in shares of Booz Allen Hamilton by 26.4% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 14,536 shares of the business services provider's stock valued at $1,871,000 after acquiring an additional 3,037 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock traded down $1.99 on Friday, hitting $113.13. 4,378,349 shares of the company's stock were exchanged, compared to its average volume of 1,852,598. The company has a 50-day simple moving average of $107.54 and a 200-day simple moving average of $114.83. The stock has a market capitalization of $14.05 billion, a PE ratio of 15.60, a PEG ratio of 1.80 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.03. The business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.96 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The company's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 EPS. As a group, equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.94%. Booz Allen Hamilton's dividend payout ratio (DPR) is 30.34%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BAH. The Goldman Sachs Group downgraded shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and reduced their price target for the company from $108.00 to $94.00 in a research report on Wednesday, May 28th. Stifel Nicolaus assumed coverage on shares of Booz Allen Hamilton in a research report on Tuesday, June 24th. They set a "hold" rating and a $112.00 price target for the company. Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. William Blair raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday. Finally, Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $134.64.

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.