Milestone Resources Group Ltd Makes New $10.34 Million Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Milestone Resources Group Ltd purchased a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 63,550 shares of the business services provider's stock, valued at approximately $10,343,000. Booz Allen Hamilton comprises about 0.4% of Milestone Resources Group Ltd's portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. AGF Management Ltd. raised its stake in Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider's stock valued at $269,419,000 after purchasing an additional 679,280 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Booz Allen Hamilton in the third quarter valued at approximately $48,349,000. Caisse DE Depot ET Placement DU Quebec boosted its position in Booz Allen Hamilton by 28.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider's stock worth $209,651,000 after acquiring an additional 285,621 shares during the last quarter. Acadian Asset Management LLC grew its stake in Booz Allen Hamilton by 184.0% in the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider's stock worth $51,613,000 after acquiring an additional 217,349 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Booz Allen Hamilton by 75.3% in the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider's stock valued at $71,619,000 after acquiring an additional 199,871 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Richard Crowe sold 4,243 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 $700,095.00. Following the completion of the sale, the executive vice president now directly owns 25,496 shares of the company's stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This trade represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock worth $1,989,220 over the last quarter. 1.59% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. StockNews.com cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and raised their price target for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. UBS Group initiated coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price target for the company. Barclays increased their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and boosted their target price for the company from $180.00 to $190.00 in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton currently has an average rating of "Hold" and an average price target of $167.44.

Booz Allen Hamilton Trading Down 0.8 %

BAH stock traded down $1.14 during midday trading on Friday, reaching $134.46. 1,177,343 shares of the company's stock traded hands, compared to its average volume of 868,381. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59. The business has a 50-day moving average price of $159.96 and a two-hundred day moving average price of $155.81. The company has a market capitalization of $17.18 billion, a P/E ratio of 21.11, a PEG ratio of 1.62 and a beta of 0.52. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, November 15th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 32.03%.

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.