Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. decreased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,405 shares of the business services provider’s stock after selling 214 shares during the period. First Horizon Advisors Inc.’s holdings in Booz Allen Hamilton were worth $181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BAH. Bogart Wealth LLC raised its stake in shares of Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock worth $25,000 after buying an additional 155 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in Booz Allen Hamilton in the third quarter worth about $31,000. R Squared Ltd acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at about $31,000. Roxbury Financial LLC bought a new position in shares of Booz Allen Hamilton during the 4th quarter valued at about $35,000. Finally, Berbice Capital Management LLC bought a new position in shares of Booz Allen Hamilton during the 4th quarter valued at about $39,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

BAH opened at $114.72 on Wednesday. The stock has a fifty day moving average price of $128.57 and a 200 day moving average price of $147.30. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 1 year low of $106.69 and a 1 year high of $190.59. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.25 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.92%. Booz Allen Hamilton’s dividend payout ratio is 32.79%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BAH. Truist Financial cut their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Monday, February 3rd. UBS Group started coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price for the company. Finally, Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and a consensus target price of $158.91.

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.