Carolina Wealth Advisors LLC Sells 39,444 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Carolina Wealth Advisors LLC cut its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 98.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 798 shares of the business services provider’s stock after selling 39,444 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Booz Allen Hamilton were worth $130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BAH. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth about $45,000. Cyndeo Wealth Partners LLC purchased a new position in shares of Booz Allen Hamilton during the third quarter valued at approximately $201,000. Capital Investment Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 20.1% during the third quarter. Capital Investment Advisors LLC now owns 11,973 shares of the business services provider’s stock valued at $1,949,000 after purchasing an additional 2,001 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Booz Allen Hamilton by 36.5% in the 3rd quarter. Blue Trust Inc. now owns 2,808 shares of the business services provider’s stock worth $432,000 after purchasing an additional 751 shares in the last quarter. Finally, OmniStar Financial Group Inc. purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $744,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BAH shares. Wells Fargo & Company increased their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. The Goldman Sachs Group raised their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Truist Financial boosted their price objective on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $170.75.

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 shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Matthew Calderone sold 3,865 shares of the 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 of the company’s stock, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is owned by corporate insiders.

Booz Allen Hamilton Trading Down 0.6 %

NYSE:BAH traded down $1.03 during midday trading on Monday, hitting $162.88. 256,637 shares of the company traded hands, compared to its average volume of 671,916. The firm has a market capitalization of $21.06 billion, a P/E ratio of 35.63, a P/E/G ratio of 2.33 and a beta of 0.59. The firm’s fifty day moving average is $156.80 and its 200-day moving average is $152.77. Booz Allen Hamilton Holding Co. has a 12-month low of $114.69 and a 12-month high of $164.58. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. On average, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 5.97 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.25%. Booz Allen Hamilton’s payout ratio is 44.35%.

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.