Cumberland Partners Ltd Grows Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cumberland Partners Ltd increased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 92.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,330 shares of the business services provider's stock after acquiring an additional 47,655 shares during the quarter. Cumberland Partners Ltd owned about 0.08% of Booz Allen Hamilton worth $12,784,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BAH. Creative Planning lifted its position in Booz Allen Hamilton by 11.3% during the third quarter. Creative Planning now owns 7,485 shares of the business services provider's stock valued at $1,218,000 after purchasing an additional 758 shares during the last quarter. Blue Trust Inc. lifted its position in Booz Allen Hamilton by 36.5% during the third quarter. Blue Trust Inc. now owns 2,808 shares of the business services provider's stock valued at $432,000 after purchasing an additional 751 shares during the last quarter. Cyndeo Wealth Partners LLC bought a new stake in Booz Allen Hamilton during the third quarter valued at approximately $201,000. Sequoia Financial Advisors LLC lifted its position in Booz Allen Hamilton by 47.5% during the third quarter. Sequoia Financial Advisors LLC now owns 2,729 shares of the business services provider's stock valued at $444,000 after purchasing an additional 879 shares during the last quarter. Finally, Symphony Financial Ltd. Co. bought a new stake in Booz Allen Hamilton during the third quarter valued at approximately $235,000. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Down 1.2 %

Booz Allen Hamilton stock traded down $1.36 during mid-day trading on Friday, reaching $112.27. The stock had a trading volume of 4,374,811 shares, compared to its average volume of 2,043,756. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.26 and a beta of 0.55. The company has a 50-day moving average price of $129.46 and a two-hundred day moving average price of $147.76. Booz Allen Hamilton Holding Co. has a one year low of $106.69 and a one year high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its 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 net margin of 7.39% and a return on equity of 68.97%. On average, analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 1.96%. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio is currently 32.79%.

Analysts Set New Price Targets

Several brokerages have issued reports on BAH. Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a report on Monday, February 3rd. StockNews.com lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lowered their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating for the company in a report on Monday, February 3rd. Finally, UBS Group assumed coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $158.91.

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.