Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Sold by Navellier & Associates Inc.

Key Points

• Navellier & Associates Inc. reduced its holdings in Booz Allen Hamilton by 10.2%, owning 21,358 shares valued at $2.23 million after selling 2,420 shares in the 1st quarter.
• Booz Allen Hamilton's shares recently traded at $113.13, with a market cap of $14.05 billion and a PE ratio of 15.60.
• The company announced a quarterly dividend of $0.55 per share, representing an annualized yield of 1.94%, which will be paid on August 29th.

Navellier & Associates Inc. reduced its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 10.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,358 shares of the business services provider's stock after selling 2,420 shares during the period. Navellier & Associates Inc.'s holdings in Booz Allen Hamilton were worth $2,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. FIL Ltd grew its stake in Booz Allen Hamilton by 63.3% during the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after purchasing an additional 59,440 shares during the last quarter. Capital World Investors grew its stake in Booz Allen Hamilton by 591.1% during the 4th quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock valued at $45,034,000 after purchasing an additional 299,283 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Booz Allen Hamilton by 10.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider's stock valued at $5,531,000 after purchasing an additional 4,905 shares during the last quarter. Natixis grew its stake in Booz Allen Hamilton by 3,032.5% during the 4th quarter. Natixis now owns 42,163 shares of the business services provider's stock valued at $5,426,000 after purchasing an additional 40,817 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $11,715,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH traded down $1.99 during midday trading on Friday, hitting $113.13. The stock had a trading volume of 4,378,349 shares, compared to its average volume of 1,852,598. The company has a market capitalization of $14.05 billion, a PE ratio of 15.60, a P/E/G ratio of 1.80 and a beta of 0.48. The stock has a 50 day simple moving average of $107.86 and a 200-day simple moving average of $114.95. 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 quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its 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 business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.96 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 earnings per share. On average, sell-side analysts expect 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. Stockholders of record on Thursday, August 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.94%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 30.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BAH. Stifel Nicolaus began coverage on Booz Allen Hamilton in a research note on Tuesday, June 24th. They issued a "hold" rating and a $112.00 target price on the stock. The Goldman Sachs Group downgraded Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Barclays lowered their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company lowered their target price on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $134.64.

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.