Cumberland Partners Ltd Grows Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cumberland Partners Ltd raised its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,480 shares of the business services provider’s stock after purchasing an additional 4,560 shares during the quarter. Cumberland Partners Ltd’s holdings in Booz Allen Hamilton were worth $5,134,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. National Bank of Canada FI grew its stake in shares of Booz Allen Hamilton by 2.2% during the third quarter. National Bank of Canada FI now owns 20,463 shares of the business services provider’s stock valued at $2,315,000 after acquiring an additional 432 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Booz Allen Hamilton by 454.6% during the third quarter. SG Americas Securities LLC now owns 10,154 shares of the business services provider’s stock valued at $1,110,000 after acquiring an additional 8,323 shares in the last quarter. Capital Investment Advisors LLC grew its stake in shares of Booz Allen Hamilton by 38.2% during the third quarter. Capital Investment Advisors LLC now owns 3,123 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 864 shares in the last quarter. Capital Asset Advisory Services LLC grew its stake in shares of Booz Allen Hamilton by 16.9% during the third quarter. Capital Asset Advisory Services LLC now owns 2,725 shares of the business services provider’s stock valued at $298,000 after acquiring an additional 394 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Booz Allen Hamilton by 180.4% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 7,953 shares of the business services provider’s stock valued at $869,000 after acquiring an additional 5,117 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total value of $219,765.00. Following the completion of the sale, the chief financial officer now directly owns 25,462 shares in the company, valued at $3,730,437.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Kristine Anderson sold 5,068 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $139.88, for a total transaction of $708,911.84. Following the completion of the sale, the chief operating officer now owns 71,656 shares in the company, valued at approximately $10,023,241.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the sale, the chief financial officer now owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The disclosure for this sale can be found here. Insiders sold 55,568 shares of company stock worth $8,067,487 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

BAH has been the subject of several recent analyst reports. Truist Financial raised their target price on Booz Allen Hamilton from $120.00 to $145.00 and gave the company a “hold” rating in a research note on Monday, January 29th. The Goldman Sachs Group lifted their price target on Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Jefferies Financial Group lifted their price target on Booz Allen Hamilton from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Finally, Barclays downgraded Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $145.11.

Booz Allen Hamilton Stock Performance

BAH stock traded up $2.95 during midday trading on Tuesday, reaching $145.96. The company had a trading volume of 583,856 shares, compared to its average volume of 618,184. The stock has a 50 day moving average price of $145.98 and a 200 day moving average price of $134.47. The firm has a market capitalization of $18.94 billion, a PE ratio of 47.04, a P/E/G ratio of 1.93 and a beta of 0.53. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. Booz Allen Hamilton Holding Co. has a fifty-two week low of $89.80 and a fifty-two week high of $150.59.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 26th. The business services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Booz Allen Hamilton had a return on equity of 65.31% and a net margin of 3.96%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. Analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.39 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 12th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.40%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, February 9th. Booz Allen Hamilton’s dividend payout ratio is 65.81%.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.