Wealth Enhancement Advisory Services LLC Has $4.44 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Wealth Enhancement Advisory Services LLC grew its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 25.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,895 shares of the business services provider’s stock after purchasing an additional 6,065 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Booz Allen Hamilton were worth $4,438,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. VisionPoint Advisory Group LLC grew its position in Booz Allen Hamilton by 75.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock worth $30,000 after purchasing an additional 118 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Booz Allen Hamilton in the 3rd quarter valued at approximately $31,000. Banque Cantonale Vaudoise raised its holdings in Booz Allen Hamilton by 112.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 109 shares in the last quarter. Smithfield Trust Co lifted its position in shares of Booz Allen Hamilton by 87.7% in the 4th quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock worth $34,000 after acquiring an additional 121 shares during the period. Finally, Riverview Trust Co acquired a new stake in shares of Booz Allen Hamilton during the 1st quarter worth approximately $39,000. 91.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on BAH. Stifel Nicolaus raised their target price on Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. TD Cowen lifted their price objective on Booz Allen Hamilton from $158.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Truist Financial increased their target price on Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, May 28th. Wells Fargo & Company upped their price target on Booz Allen Hamilton from $158.00 to $169.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Jefferies Financial Group lifted their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $159.78.

Insider Activity

In related news, CFO Matthew Calderone sold 332 shares of Booz Allen Hamilton stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the sale, the chief financial officer now directly owns 23,438 shares in the company, valued at $3,612,967.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Horacio Rozanski sold 34,571 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $5,329,119.65. Following the transaction, the chief executive officer now directly owns 579,025 shares in the company, valued at approximately $89,256,703.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew Calderone sold 332 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the sale, the chief financial officer now owns 23,438 shares of the company’s stock, valued at approximately $3,612,967.70. The disclosure for this sale can be found here. Insiders have sold 58,255 shares of company stock valued at $8,970,026 over the last 90 days. 1.59% of the stock is owned by company insiders.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $152.71 on Wednesday. Booz Allen Hamilton Holding Co. has a 12-month low of $106.90 and a 12-month high of $164.43. The stock has a 50-day simple moving average of $152.15 and a 200 day simple moving average of $144.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.20. The stock has a market capitalization of $19.75 billion, a price-to-earnings ratio of 33.20, a P/E/G ratio of 1.83 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. On average, research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.04 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were paid a $0.51 dividend. The ex-dividend date was Thursday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.34%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 44.35%.

Booz Allen Hamilton 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.