Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,309,347 shares of the business services provider’s stock after selling 32,186 shares during the quarter. Geode Capital Management LLC’s holdings in Booz Allen Hamilton were worth $298,732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. National Wealth Management Group LLC acquired a new stake in Booz Allen Hamilton in the 4th quarter worth about $205,000. GFI Investment Counsel Ltd. grew its holdings in Booz Allen Hamilton by 7.8% in the fourth quarter. GFI Investment Counsel Ltd. now owns 315,923 shares of the business services provider’s stock valued at $40,659,000 after purchasing an additional 22,789 shares during the period. National Bank of Canada FI grew its holdings in Booz Allen Hamilton by 98.5% in the fourth quarter. National Bank of Canada FI now owns 20,273 shares of the business services provider’s stock valued at $2,609,000 after purchasing an additional 10,061 shares during the period. Franklin Resources Inc. increased its position in Booz Allen Hamilton by 25.5% during the fourth quarter. Franklin Resources Inc. now owns 109,943 shares of the business services provider’s stock worth $14,150,000 after purchasing an additional 22,336 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Booz Allen Hamilton by 78.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider’s stock valued at $133,008,000 after purchasing an additional 455,605 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen dropped their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. William Blair cut shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Stock Down 2.4 %

Shares of Booz Allen Hamilton stock opened at $109.07 on Friday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. Booz Allen Hamilton Holding Co. has a 1-year low of $101.05 and a 1-year high of $190.59. The business has a 50-day moving average of $115.43 and a 200-day moving average of $138.70. The company has a market capitalization of $13.81 billion, a PE ratio of 16.26, a P/E/G ratio of 1.25 and a beta of 0.58.

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

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.55 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 2.02%. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.79%.

Booz Allen Hamilton Company Profile

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.