Pensionfund Sabic Raises Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Pensionfund Sabic boosted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,300 shares of the business services provider’s stock after acquiring an additional 800 shares during the quarter. Pensionfund Sabic’s holdings in Booz Allen Hamilton were worth $1,068,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAH. Peterson Financial Group Inc. purchased a new stake in Booz Allen Hamilton in the 3rd quarter valued at about $31,000. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at approximately $45,000. Kennebec Savings Bank acquired a new position in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $60,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $83,000. Finally, Covestor Ltd increased its holdings in Booz Allen Hamilton by 87.2% in the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $130.85 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a fifty day simple moving average of $148.92 and a 200-day simple moving average of $153.41. The stock has a market cap of $16.72 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a 12-month low of $124.04 and a 12-month high of $190.59.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.56%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Insider Activity

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the sale, the chief financial officer now owns 29,618 shares of the company’s stock, valued at $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Truist Financial cut their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. TD Cowen raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research note on Thursday, December 19th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Finally, StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $163.56.

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.