Booz Allen Hamilton Holding Corporation (NYSE:BAH) Stake Cut by Cumberland Partners Ltd

Key Points

• Cumberland Partners Ltd significantly reduced its investment in Booz Allen Hamilton, selling 84,815 shares to hold just 14,515 shares, which represented an 85.4% decrease in their position.
• "Booz Allen Hamilton" reported a quarterly earnings of $1.48 per share, exceeding analysts' expectations, but faced a slight revenue decline of 0.6% year-over-year, totaling $2.92 billion for the quarter.
• The company declared a quarterly dividend of $0.55 per share, which translates to an annualized dividend of $2.20 and a dividend yield of 2.0%.

Cumberland Partners Ltd trimmed its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 85.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,515 shares of the business services provider's stock after selling 84,815 shares during the quarter. Cumberland Partners Ltd's holdings in Booz Allen Hamilton were worth $1,518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SPC Financial Inc. purchased a new stake in Booz Allen Hamilton in the 1st quarter worth $475,000. Commerce Bank increased its holdings in Booz Allen Hamilton by 48.6% in the 1st quarter. Commerce Bank now owns 6,125 shares of the business services provider's stock worth $641,000 after acquiring an additional 2,003 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in Booz Allen Hamilton in the 1st quarter worth $282,000. Alberta Investment Management Corp increased its holdings in Booz Allen Hamilton by 27.9% in the 1st quarter. Alberta Investment Management Corp now owns 37,600 shares of the business services provider's stock worth $3,932,000 after acquiring an additional 8,200 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in Booz Allen Hamilton by 348.1% in the 1st quarter. XTX Topco Ltd now owns 19,365 shares of the business services provider's stock worth $2,025,000 after acquiring an additional 15,043 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BAH shares. The Goldman Sachs Group downgraded Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their target price for the company from $108.00 to $94.00 in a research report on Wednesday, May 28th. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. upped their target price on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus set a $119.00 price objective on shares of Booz Allen Hamilton and gave the company a "hold" rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock traded up $0.15 on Tuesday, hitting $111.58. The company's stock had a trading volume of 1,629,772 shares, compared to its average volume of 2,357,716. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. The firm has a fifty day moving average price of $105.92 and a 200-day moving average price of $113.50. The company has a market capitalization of $13.75 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.72 and a beta of 0.47.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the company posted $1.38 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio is currently 27.03%.

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.