Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management cut its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 86.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,045 shares of the business services provider's stock after selling 67,659 shares during the period. Bar Harbor Wealth Management's holdings in Booz Allen Hamilton were worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital Investment Advisors LLC increased its position in Booz Allen Hamilton by 8.1% during the fourth quarter. Capital Investment Advisors LLC now owns 12,946 shares of the business services provider's stock worth $1,666,000 after purchasing an additional 973 shares during the last quarter. Matrix Trust Co increased its holdings in shares of Booz Allen Hamilton by 734.8% during the 4th quarter. Matrix Trust Co now owns 743 shares of the business services provider's stock worth $96,000 after buying an additional 654 shares during the last quarter. Tilia Fiduciary Partners Inc. increased its holdings in shares of Booz Allen Hamilton by 3.4% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 21,017 shares of the business services provider's stock worth $2,705,000 after buying an additional 690 shares during the last quarter. First Hawaiian Bank raised its position in shares of Booz Allen Hamilton by 30.1% during the 4th quarter. First Hawaiian Bank now owns 29,336 shares of the business services provider's stock valued at $3,776,000 after buying an additional 6,783 shares during the period. Finally, Fulton Bank N.A. lifted its holdings in Booz Allen Hamilton by 18.3% in the fourth quarter. Fulton Bank N.A. now owns 6,817 shares of the business services provider's stock valued at $877,000 after acquiring an additional 1,056 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Ratings Changes

BAH has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 target price for the company in a research note on Monday, January 6th. StockNews.com downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Truist Financial cut their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a research report on Friday, November 22nd. Finally, UBS Group assumed coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They set a "neutral" rating and a $159.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $161.78.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction 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 owns 29,618 shares of the company's stock, valued at $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton 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 sale, the executive vice president now directly owns 25,496 shares of the company's stock, valued at $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company's stock.

Booz Allen Hamilton Stock Up 2.1 %

Shares of NYSE BAH traded up $2.76 during mid-day trading on Monday, hitting $135.23. The company had a trading volume of 1,819,223 shares, compared to its average volume of 1,760,288. Booz Allen Hamilton Holding Co. has a 1-year low of $125.88 and a 1-year high of $190.59. The company has a market capitalization of $17.28 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The business's 50-day simple moving average is $144.74 and its 200 day simple moving average is $152.68.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, November 15th. Booz Allen Hamilton's payout ratio is presently 32.03%.

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.