Cwm LLC trimmed its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 9.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,109 shares of the business services provider’s stock after selling 1,934 shares during the period. Cwm LLC’s holdings in Booz Allen Hamilton were worth $1,990,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of BAH. Brooklyn Investment Group lifted its holdings in shares of Booz Allen Hamilton by 102.8% during the first quarter. Brooklyn Investment Group now owns 294 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 149 shares during the last quarter. WPG Advisers LLC purchased a new stake in shares of Booz Allen Hamilton during the first quarter valued at $35,000. Ransom Advisory Ltd purchased a new stake in shares of Booz Allen Hamilton during the first quarter valued at $35,000. Banque Cantonale Vaudoise purchased a new stake in shares of Booz Allen Hamilton during the first quarter valued at $37,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Booz Allen Hamilton during the second quarter valued at $39,000. 91.82% of the stock is owned by hedge funds and other institutional investors.
Booz Allen Hamilton Stock Performance
Shares of BAH stock opened at $98.09 on Monday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $95.00 and a fifty-two week high of $190.59. The stock’s 50-day moving average is $103.85 and its two-hundred day moving average is $108.48. The firm has a market cap of $12.09 billion, a P/E ratio of 12.05, a PEG ratio of 1.53 and a beta of 0.42.
Booz Allen Hamilton Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 14th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 14th. Booz Allen Hamilton’s dividend payout ratio is presently 27.03%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on BAH. TD Cowen reaffirmed a “hold” rating and set a $105.00 target price (down from $125.00) on shares of Booz Allen Hamilton in a report on Friday. JPMorgan Chase & Co. raised their price objective on Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an “underweight” rating in a research report on Monday, July 28th. UBS Group set a $119.00 target price on Booz Allen Hamilton and gave the company a “neutral” rating in a report on Monday, July 28th. William Blair upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a report on Monday, July 21st. Finally, Stifel Nicolaus boosted their price objective on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Hold” and a consensus target price of $129.45.
Get Our Latest Stock Analysis on Booz Allen Hamilton
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.
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