Venturi Wealth Management LLC Lowers Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Venturi Wealth Management LLC cut its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 32.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 168 shares of the business services provider’s stock after selling 79 shares during the period. Venturi Wealth Management LLC’s holdings in Booz Allen Hamilton were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of BAH. Opal Wealth Advisors LLC bought a new stake in Booz Allen Hamilton during the second quarter valued at about $26,000. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton in the 2nd quarter worth approximately $29,000. Innealta Capital LLC purchased a new stake in Booz Allen Hamilton during the 2nd quarter valued at approximately $34,000. Crewe Advisors LLC bought a new stake in shares of Booz Allen Hamilton during the first quarter valued at approximately $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Booz Allen Hamilton in the third quarter worth $45,000. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Down 3.0 %

NYSE BAH opened at $149.39 on Friday. Booz Allen Hamilton Holding Co. has a 52 week low of $123.17 and a 52 week high of $190.59. The firm has a market capitalization of $19.09 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.06 and a beta of 0.58. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a fifty day moving average of $165.64 and a two-hundred day moving average of $157.03.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.37%. Booz Allen Hamilton’s payout ratio is 32.03%.

Wall Street Analyst Weigh In

BAH has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a report on Monday, October 28th. TD Cowen decreased their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price target for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average price target of $180.63.

Insiders Place Their Bets

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

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.