Wellington Management Group LLP Trims Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Wellington Management Group LLP trimmed its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,596 shares of the business services provider's stock after selling 12,168 shares during the period. Wellington Management Group LLP owned approximately 0.17% of Booz Allen Hamilton worth $34,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of BAH. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at approximately $29,000. Peterson Financial Group Inc. bought a new position in Booz Allen Hamilton in the 3rd quarter valued at $31,000. Innealta Capital LLC bought a new position in shares of Booz Allen Hamilton during the 2nd quarter worth $34,000. Gilliland Jeter Wealth Management LLC bought a new position in shares of Booz Allen Hamilton during the 3rd quarter worth $45,000. Finally, MCF Advisors LLC grew its position in shares of Booz Allen Hamilton by 56.2% during the 2nd quarter. MCF Advisors LLC now owns 353 shares of the business services provider's stock worth $54,000 after buying an additional 127 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 3,865 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. This trade represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Richard Crowe sold 4,243 shares of the firm'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 in the company, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,173 shares of company stock valued at $1,989,220. Company insiders own 1.59% of the company's stock.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock traded down $1.51 during midday trading on Friday, hitting $134.09. 453,441 shares of the company were exchanged, compared to its average volume of 865,088. The firm has a market capitalization of $17.13 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. 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 fifty day simple moving average of $160.48 and a two-hundred day simple moving average of $155.97. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed 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 1.52%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton's payout ratio is currently 32.03%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BAH shares. JPMorgan Chase & Co. cut Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and upped their price objective for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. UBS Group started coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They set a "neutral" rating and a $159.00 price objective for the company. Truist Financial decreased their price objective 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. Jefferies Financial Group cut 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 note on Monday, November 4th. Finally, Barclays raised their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $167.44.

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.