Mediolanum International Funds Ltd Increases Stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Mediolanum International Funds Ltd increased its shareholding in Booz Allen Hamilton by 42.5%, now owning a total of 39,341 shares valued at approximately $4.14 million.
• Multiple institutional investors have significantly increased their stakes in Booz Allen Hamilton, with Capital World Investors boosting their holdings by 591.1% during the fourth quarter.
• The company declared a quarterly dividend of $0.55 per share, resulting in an annualized dividend of $2.20 and a yield of 1.94%.

Mediolanum International Funds Ltd raised its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 42.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,341 shares of the business services provider's stock after purchasing an additional 11,726 shares during the period. Mediolanum International Funds Ltd's holdings in Booz Allen Hamilton were worth $4,142,000 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 lifted its holdings in shares of Booz Allen Hamilton by 74.5% during 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 position in Booz Allen Hamilton in the 4th quarter valued at approximately $33,000. Versant Capital Management Inc increased its position in Booz Allen Hamilton by 627.3% in the 1st quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock valued at $33,000 after acquiring an additional 276 shares during the period. CX Institutional acquired a new stake in shares of Booz Allen Hamilton during the first quarter worth $33,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $34,000. Institutional investors own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

BAH has been the subject of a number of research reports. Barclays reduced their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a report on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price objective on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a report on Monday. Wells Fargo & Company cut their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Truist Financial cut their price target on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Booz Allen Hamilton has an average rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded up $0.32 during midday trading on Thursday, reaching $107.80. 491,928 shares of the stock were exchanged, compared to its average volume of 2,363,655. The company's fifty day moving average is $106.68 and its 200-day moving average is $114.40. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.79 and a current ratio of 1.78. The firm has a market cap of $13.29 billion, a PE ratio of 13.23, a PEG ratio of 1.69 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 52 week low of $98.95 and a 52 week 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 EPS for the quarter, topping 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 business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.96 billion. During the same quarter in the previous year, the company earned $1.38 EPS. The business's quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be paid a $0.55 dividend. The ex-dividend date is Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.04%. Booz Allen Hamilton's dividend payout ratio (DPR) 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.