M.E. Allison & CO. Inc. Acquires New Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

M.E. Allison & CO. Inc. bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,318 shares of the business services provider's stock, valued at approximately $298,000.

Several other large investors have also bought and sold shares of the stock. Peterson Financial Group Inc. purchased a new position in Booz Allen Hamilton during the third quarter worth about $31,000. Gilliland Jeter Wealth Management LLC bought a new position in shares of Booz Allen Hamilton in the third quarter valued at approximately $45,000. Kennebec Savings Bank purchased a new stake in shares of Booz Allen Hamilton during the third quarter valued at approximately $60,000. Matrix Trust Co lifted its holdings in Booz Allen Hamilton by 734.8% during the fourth quarter. Matrix Trust Co now owns 743 shares of the business services provider's stock worth $96,000 after acquiring an additional 654 shares during the period. Finally, Covestor Ltd grew its stake in Booz Allen Hamilton by 87.2% in the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider's stock valued at $103,000 after purchasing an additional 293 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BAH shares. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and increased their price target for the company from $180.00 to $190.00 in a research report on Monday, November 4th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and lifted their price target for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. TD Cowen reduced their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Finally, UBS Group assumed coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They set a "neutral" rating and a $159.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $161.78.

Booz Allen Hamilton Price Performance

BAH stock traded down $0.08 during mid-day trading on Monday, reaching $136.22. 1,455,538 shares of the company traded hands, compared to its average volume of 1,222,657. The company has a fifty day moving average price of $140.20 and a 200-day moving average price of $152.06. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. Booz Allen Hamilton Holding Co. has a 52-week low of $125.88 and a 52-week high of $190.59. The company has a market capitalization of $17.40 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.59 and a beta of 0.55.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton's payout ratio is 32.03%.

Insider Activity

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the firm's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the sale, the chief financial officer now owns 29,618 shares in the company, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.59% of the company's stock.

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.