Leith Wheeler Investment Counsel Ltd. cut its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,536 shares of the business services provider’s stock after selling 20,400 shares during the period. Booz Allen Hamilton comprises approximately 2.3% of Leith Wheeler Investment Counsel Ltd.’s investment portfolio, making the stock its 5th biggest position. Leith Wheeler Investment Counsel Ltd. owned approximately 0.11% of Booz Allen Hamilton worth $15,002,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of Booz Allen Hamilton by 854.8% during the third quarter. Bessemer Group Inc. now owns 296 shares of the business services provider’s stock worth $27,000 after buying an additional 265 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Booz Allen Hamilton in the second quarter worth $30,000. Private Trust Co. NA bought a new stake in shares of Booz Allen Hamilton in the second quarter worth $37,000. Wipfli Financial Advisors LLC bought a new stake in shares of Booz Allen Hamilton in the third quarter worth $44,000. Finally, Standard Family Office LLC bought a new stake in shares of Booz Allen Hamilton in the third quarter worth $57,000. 90.68% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on BAH shares. Morgan Stanley reduced their price objective on shares of Booz Allen Hamilton from $118.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, February 2nd. StockNews.com started coverage on shares of Booz Allen Hamilton in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Booz Allen Hamilton from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.33.
Booz Allen Hamilton Stock Down 2.3 %
Booz Allen Hamilton Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Thursday, February 9th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.43. Booz Allen Hamilton’s dividend payout ratio is 58.39%.
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.
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