Leith Wheeler Investment Counsel Ltd. Takes Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Leith Wheeler Investment Counsel Ltd. has invested approximately $7.43 million in Booz Allen Hamilton, acquiring 71,054 shares which represent about 0.06% ownership of the company.
• Institutional investors collectively own 91.82% of Booz Allen Hamilton, with several hedge funds making significant investments and adjustments to their holdings in the fourth quarter.
• Booz Allen Hamilton recently announced a quarterly dividend of $0.55, reflecting a yield of 2.0% and a payout ratio of 27.03%.

Leith Wheeler Investment Counsel Ltd. purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 71,054 shares of the business services provider's stock, valued at approximately $7,431,000. Leith Wheeler Investment Counsel Ltd. owned 0.06% of Booz Allen Hamilton as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in Booz Allen Hamilton by 9,888.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,698 shares of the business services provider's stock worth $178,000 after buying an additional 1,681 shares during the period. Russell Investments Group Ltd. increased its position in Booz Allen Hamilton by 10.8% during the first quarter. Russell Investments Group Ltd. now owns 238,105 shares of the business services provider's stock worth $24,908,000 after buying an additional 23,245 shares during the period. Resona Asset Management Co. Ltd. increased its position in Booz Allen Hamilton by 4.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 45,332 shares of the business services provider's stock worth $4,744,000 after buying an additional 1,823 shares during the period. Rathbones Group PLC increased its position in Booz Allen Hamilton by 10.7% during the first quarter. Rathbones Group PLC now owns 605,692 shares of the business services provider's stock worth $63,343,000 after buying an additional 58,421 shares during the period. Finally, Westpac Banking Corp acquired a new position in Booz Allen Hamilton during the first quarter worth approximately $95,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

BAH stock traded up $1.34 on Friday, reaching $109.49. 1,943,415 shares of the company's stock were exchanged, compared to its average volume of 2,095,224. The stock has a fifty day moving average of $106.91 and a 200-day moving average of $112.18. Booz Allen Hamilton Holding Corporation has a twelve month low of $98.95 and a twelve month high of $190.59. The firm has a market cap of $13.49 billion, a PE ratio of 13.45, a P/E/G ratio of 1.69 and a beta of 0.47. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66.

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

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.55 per share. 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 payout ratio is presently 27.03%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group set a $119.00 price target on Booz Allen Hamilton and gave the stock a "neutral" rating in a research report on Monday, July 28th. Wells Fargo & Company dropped their target price on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Stifel Nicolaus boosted their target price on Booz Allen Hamilton from $112.00 to $119.00 and gave the company a "hold" rating in a report on Monday, July 28th. Barclays dropped their target price on 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, Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $134.00.

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.