Cabot Wealth Management Inc. Buys 12,431 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cabot Wealth Management Inc. increased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 126.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,254 shares of the business services provider’s stock after purchasing an additional 12,431 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Booz Allen Hamilton were worth $3,622,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BAH. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton during the 2nd quarter valued at $26,000. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth $29,000. Banque Cantonale Vaudoise lifted its holdings in shares of Booz Allen Hamilton by 112.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after buying an additional 109 shares during the period. MCF Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 103.6% in the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after buying an additional 115 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth $34,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Down 0.2 %

Shares of NYSE BAH traded down $0.31 during mid-day trading on Tuesday, reaching $162.34. 1,352,700 shares of the company were exchanged, compared to its average volume of 671,534. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 2.33 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a 1 year low of $114.69 and a 1 year high of $164.43. The firm has a 50-day moving average of $155.46 and a 200 day moving average of $152.34.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. On average, research analysts expect that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Wall Street Analyst Weigh In

BAH has been the subject of several research reports. The Goldman Sachs Group upped their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. StockNews.com upgraded Booz Allen Hamilton from a “sell” rating to a “hold” rating in a report on Monday. Barclays lowered their target price on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. TD Cowen lowered their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, Wells Fargo & Company upped their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus price target of $170.75.

Insider Activity at Booz Allen Hamilton

In related news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now directly owns 18,123 shares of the company’s stock, valued at $2,597,207.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now directly owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This represents a 0.00 % 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 corporate insiders.

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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.