First Horizon Advisors Inc. Sells 214 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

First Horizon Advisors Inc. trimmed its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,405 shares of the business services provider’s stock after selling 214 shares during the quarter. First Horizon Advisors Inc.’s holdings in Booz Allen Hamilton were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bogart Wealth LLC raised its stake in Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 155 shares during the last quarter. Peterson Financial Group Inc. bought a new position in shares of Booz Allen Hamilton during the 3rd quarter worth about $31,000. R Squared Ltd acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at about $31,000. Roxbury Financial LLC bought a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at about $35,000. Finally, Berbice Capital Management LLC acquired a new stake in Booz Allen Hamilton during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 2.0 %

Shares of BAH stock opened at $114.72 on Wednesday. The company has a market capitalization of $14.53 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.25 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a 12-month low of $106.69 and a 12-month high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a 50-day moving average price of $128.57 and a 200 day moving average price of $147.30.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio is presently 32.79%.

Analysts Set New Price Targets

Several research firms have commented on BAH. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price target for the company from $180.00 to $190.00 in a report on Monday, November 4th. TD Cowen cut their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research note on Monday, February 3rd. UBS Group began coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target on the stock. Finally, William Blair downgraded shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and a consensus price target of $158.91.

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.