Wealth Enhancement Advisory Services LLC Reduces Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 26.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,793 shares of the business services provider's stock after selling 7,502 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Booz Allen Hamilton were worth $3,384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BAH. Opal Wealth Advisors LLC bought a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth $26,000. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton in the 2nd quarter worth about $29,000. Innealta Capital LLC bought a new position in Booz Allen Hamilton during the 2nd quarter valued at about $34,000. Crewe Advisors LLC purchased a new stake in Booz Allen Hamilton in the first quarter worth approximately $35,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Booz Allen Hamilton in the 3rd quarter worth approximately $45,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Down 0.2 %

NYSE:BAH traded down $0.38 during midday trading on Friday, hitting $181.28. 816,669 shares of the company traded hands, compared to its average volume of 695,714. The firm's fifty day moving average is $161.91 and its 200-day moving average is $154.79. The firm has a market capitalization of $23.16 billion, a P/E ratio of 28.46, a P/E/G ratio of 2.51 and a beta of 0.59. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton Holding Co. has a 12-month low of $122.59 and a 12-month high of $189.13.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton's payout ratio is currently 32.03%.

Insider Activity at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares of the company's stock, valued at $4,206,840. 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 available through the SEC website. In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the company's stock in a transaction on Thursday, October 24th. The stock was 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 owns 25,496 shares in the company, valued at $4,206,840. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the company's 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 sale, the chief financial officer now owns 29,618 shares of the company's stock, valued at $4,886,970. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,173 shares of company stock worth $1,989,220 in the last quarter. 1.59% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BAH shares. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and raised their price objective for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. StockNews.com raised Booz Allen Hamilton from a "sell" rating to a "hold" rating in a report on Wednesday. Truist Financial raised their price objective on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. TD Cowen cut their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Monday, July 29th. Finally, The Goldman Sachs Group raised their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton has an average rating of "Hold" and an average price target of $180.00.

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.