Carolina Wealth Advisors LLC Decreases Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Carolina Wealth Advisors LLC reduced its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 69.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 241 shares of the business services provider’s stock after selling 557 shares during the period. Carolina Wealth Advisors LLC’s holdings in Booz Allen Hamilton were worth $31,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cumberland Partners Ltd increased its position in Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after buying an additional 14,620 shares during the period. Toronto Dominion Bank boosted its stake in Booz Allen Hamilton by 29.6% during the third quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock valued at $2,752,000 after buying an additional 3,863 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Booz Allen Hamilton by 3.6% during the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after buying an additional 32,897 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Booz Allen Hamilton by 23.5% in the 3rd quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider’s stock valued at $19,381,000 after purchasing an additional 22,690 shares during the period. Finally, Zacks Investment Management acquired a new position in shares of Booz Allen Hamilton in the 3rd quarter valued at $15,152,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company cut their price objective on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their target price for the company from $180.00 to $190.00 in a report on Monday, November 4th. TD Cowen lowered their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $161.78.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $136.34 on Thursday. The firm has a market cap of $17.42 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton Holding Co. has a 1-year low of $125.88 and a 1-year high of $190.59. The business’s 50 day moving average is $141.93 and its 200-day moving average is $152.29.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Insider Buying and Selling

In other news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was 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 of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Calderone sold 4,065 shares of the company’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 value of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by company insiders.

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.