Harvest Fund Management Co. Ltd Sells 3,999 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Harvest Fund Management Co. Ltd lowered its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 86.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 645 shares of the business services provider’s stock after selling 3,999 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Booz Allen Hamilton were worth $105,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in Booz Allen Hamilton in the second quarter valued at $26,000. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at about $29,000. Peterson Financial Group Inc. bought a new stake in Booz Allen Hamilton in the 3rd quarter valued at about $31,000. Innealta Capital LLC acquired a new position in Booz Allen Hamilton during the 2nd quarter worth approximately $34,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Booz Allen Hamilton in the third quarter worth approximately $45,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BAH. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company lowered their price objective on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Barclays lifted their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $173.25.

Booz Allen Hamilton Stock Down 0.9 %

BAH stock opened at $147.35 on Thursday. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59. The stock has a market cap of $18.83 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.77 and a beta of 0.58. The stock’s fifty day simple moving average is $164.37 and its two-hundred day simple moving average is $156.80. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.38%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

Insiders Place Their Bets

In related news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the 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 transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. This represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,173 shares of company stock valued at $1,989,220. Company 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.