Equitable Trust Co. Has $465,000 Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Equitable Trust Co. reduced its holdings in Booz Allen Hamilton by 43.2%, selling 3,382 shares and owning a remaining 4,443 shares worth approximately $465,000.
• Booz Allen Hamilton reported a quarterly EPS of $1.48, exceeding analyst expectations, while revenues were slightly down by 0.6% year over year at $2.92 billion.
• The company announced a quarterly dividend of $0.55 per share, representing an annualized yield of 1.94% and a payout ratio of 30.34%.

Equitable Trust Co. lessened its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 43.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,443 shares of the business services provider's stock after selling 3,382 shares during the quarter. Equitable Trust Co.'s holdings in Booz Allen Hamilton were worth $465,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its holdings in Booz Allen Hamilton by 74.5% in the 1st 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 period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Booz Allen Hamilton in the 4th quarter worth $33,000. Ancora Advisors LLC acquired a new stake in Booz Allen Hamilton in the 4th quarter worth $34,000. True Wealth Design LLC grew its position in Booz Allen Hamilton by 2,316.7% in the 4th quarter. True Wealth Design LLC now owns 290 shares of the business services provider's stock worth $37,000 after purchasing an additional 278 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in Booz Allen Hamilton by 1,132.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 308 shares of the business services provider's stock worth $40,000 after purchasing an additional 283 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their price target for the stock 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 research report on Saturday, May 24th. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Stifel Nicolaus set a $119.00 target price on shares of Booz Allen Hamilton and gave the company a "hold" rating in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a research report on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $134.00.

Booz Allen Hamilton Trading Down 0.6%

Shares of BAH traded down $0.67 on Wednesday, reaching $107.55. 383,896 shares of the company's stock were exchanged, compared to its average volume of 2,357,982. The company has a current ratio of 1.78, a quick ratio of 1.79 and a debt-to-equity ratio of 3.66. The stock has a market capitalization of $13.25 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 1.68 and a beta of 0.48. The business has a 50 day moving average price of $106.68 and a two-hundred day moving average price of $114.40. 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 released its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.03. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.38 earnings per share. Research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's payout ratio is 27.03%.

About Booz Allen Hamilton

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.