Wells Fargo & Company Issues Pessimistic Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its price objective reduced by Wells Fargo & Company from $206.00 to $177.00 in a research report released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Finally, Barclays upped their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $173.25.

Booz Allen Hamilton Stock Up 0.8 %

Booz Allen Hamilton stock opened at $148.63 on Tuesday. Booz Allen Hamilton has a 52 week low of $123.17 and a 52 week high of $190.59. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.79 and a beta of 0.58. The business’s 50-day moving average price is $164.51 and its 200 day moving average price is $156.85. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be issued a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.37%. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Insiders Place Their Bets

In other news, EVP Richard Crowe sold 4,243 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 $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 in the last 90 days. 1.59% of the stock is owned by insiders.

Institutional Trading of Booz Allen Hamilton

Large investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at about $26,000. Peterson Financial Group Inc. acquired a new position in Booz Allen Hamilton in the 3rd quarter valued at about $31,000. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at approximately $29,000. Innealta Capital LLC acquired a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $34,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at approximately $45,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

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.