World Investment Advisors LLC Boosts Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

World Investment Advisors LLC raised its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 26.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,719 shares of the business services provider’s stock after buying an additional 1,390 shares during the period. World Investment Advisors LLC’s holdings in Booz Allen Hamilton were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in BAH. Cumberland Partners Ltd boosted its holdings in shares of Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after purchasing an additional 14,620 shares during the period. Eagle Asset Management Inc. raised its position in Booz Allen Hamilton by 3.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after purchasing an additional 32,897 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth $15,152,000. Stifel Financial Corp grew its position in shares of Booz Allen Hamilton by 23.5% during the 3rd quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider’s stock worth $19,381,000 after buying an additional 22,690 shares in the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in Booz Allen Hamilton in the third quarter worth about $1,261,000. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $134.46 on Monday. The company has a 50 day moving average price of $159.96 and a 200-day moving average price of $155.82. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59. The firm has a market cap of $17.18 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were issued a $0.51 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.52%. Booz Allen Hamilton’s payout ratio is 32.03%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BAH shares. Wells Fargo & Company reduced their price target on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their target price for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Barclays boosted their target price 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. Finally, The Goldman Sachs Group cut their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday. 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $167.44.

Insiders Place Their Bets

In related news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This represents a 14.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. The trade was a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by corporate insiders.

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.