Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by First Hawaiian Bank

First Hawaiian Bank cut its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,591 shares of the business services provider’s stock after selling 964 shares during the quarter. First Hawaiian Bank’s holdings in Booz Allen Hamilton were worth $2,908,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BAH. Kestra Advisory Services LLC raised its position in Booz Allen Hamilton by 30.4% in the third quarter. Kestra Advisory Services LLC now owns 9,610 shares of the business services provider’s stock valued at $1,050,000 after purchasing an additional 2,242 shares during the period. Korea Investment CORP raised its position in Booz Allen Hamilton by 3.2% in the third quarter. Korea Investment CORP now owns 144,660 shares of the business services provider’s stock valued at $15,807,000 after purchasing an additional 4,447 shares during the period. QRG Capital Management Inc. purchased a new stake in shares of Booz Allen Hamilton during the third quarter worth about $278,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Booz Allen Hamilton during the third quarter worth about $3,900,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Booz Allen Hamilton by 25.3% during the third quarter. Envestnet Asset Management Inc. now owns 925,811 shares of the business services provider’s stock worth $101,163,000 after acquiring an additional 187,146 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BAH. Wells Fargo & Company lifted their target price on Booz Allen Hamilton from $158.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Truist Financial boosted their price objective on Booz Allen Hamilton from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, May 28th. TD Cowen boosted their price objective on Booz Allen Hamilton from $158.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Jefferies Financial Group boosted their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Stifel Nicolaus boosted their price objective on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $159.78.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total value of $152,871.76. Following the completion of the sale, the executive vice president now directly owns 29,739 shares in the company, valued at $4,519,138.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total value of $152,871.76. Following the completion of the sale, the executive vice president now directly owns 29,739 shares in the company, valued at $4,519,138.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Susan L. Penfield sold 18,522 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $153.73, for a total value of $2,847,387.06. Following the completion of the sale, the executive vice president now owns 33,788 shares of the company’s stock, valued at $5,194,229.24. The disclosure for this sale can be found here. Insiders sold 58,255 shares of company stock worth $8,970,026 over the last ninety days. Company insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH opened at $153.86 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.20. The stock has a 50 day simple moving average of $149.94 and a 200-day simple moving average of $142.26. The company has a market cap of $19.90 billion, a PE ratio of 33.45, a P/E/G ratio of 1.82 and a beta of 0.57. Booz Allen Hamilton Holding Co. has a 12-month low of $106.52 and a 12-month high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.10. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Booz Allen Hamilton had a return on equity of 68.12% and a net margin of 5.68%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. On average, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.04 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.33%. Booz Allen Hamilton’s dividend payout ratio is presently 44.35%.

About Booz Allen Hamilton

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.