Park Avenue Securities LLC Acquires 2,051 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Park Avenue Securities LLC lifted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,048 shares of the business services provider's stock after purchasing an additional 2,051 shares during the period. Park Avenue Securities LLC's holdings in Booz Allen Hamilton were worth $1,679,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new stake in shares of Booz Allen Hamilton during the 3rd quarter worth about $31,000. Gilliland Jeter Wealth Management LLC acquired a new stake in Booz Allen Hamilton during the third quarter worth approximately $45,000. Kennebec Savings Bank bought a new stake in shares of Booz Allen Hamilton during the third quarter worth approximately $60,000. Matrix Trust Co increased its stake in shares of 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 purchasing an additional 654 shares during the period. Finally, Covestor Ltd lifted its holdings in Booz Allen Hamilton by 87.2% during the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider's stock worth $103,000 after purchasing an additional 293 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 4,065 shares of the firm'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 $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares of the company's stock, valued at $4,886,970. This trade represents a 12.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 25,496 shares of the company's stock, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on BAH. TD Cowen lowered their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and boosted their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 target price on the stock in a report on Monday, January 6th. Truist Financial cut their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a research note on Friday, November 22nd. Finally, StockNews.com lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of "Hold" and a consensus target price of $161.78.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock traded down $0.08 during midday trading on Friday, hitting $136.22. 1,455,538 shares of the company traded hands, compared to its average volume of 1,222,657. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.59 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The firm's fifty day moving average price is $140.20 and its 200-day moving average price is $152.08. Booz Allen Hamilton Holding Co. has a 12 month low of $125.88 and a 12 month high of $190.59.

Booz Allen Hamilton Dividend Announcement

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

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.