Venturi Wealth Management LLC Sells 79 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Venturi Wealth Management LLC reduced its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 32.0% in the 3rd quarter, HoldingsChannel.com reports. The fund 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 SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its holdings in shares of Booz Allen Hamilton by 142.5% in the 1st quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after acquiring an additional 16,815 shares during the period. CreativeOne Wealth LLC purchased a new position in Booz Allen Hamilton in the first quarter valued at about $955,000. Natixis purchased a new position in Booz Allen Hamilton in the first quarter valued at about $893,000. Covestor Ltd lifted its position in shares of Booz Allen Hamilton by 150.8% during the first quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock valued at $46,000 after buying an additional 184 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Booz Allen Hamilton by 17.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 69,575 shares of the business services provider’s stock valued at $10,328,000 after buying an additional 10,206 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the sale, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BAH has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Barclays upped their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group increased their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Finally, StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus price target of $180.63.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $149.39 on Friday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The business has a fifty day moving average of $165.64 and a 200 day moving average of $157.03. The firm has a market capitalization of $19.09 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 2.06 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 1 year low of $123.17 and a 1 year high of $190.59.

Booz Allen Hamilton Dividend Announcement

The firm 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 $0.51 dividend. 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 dividend payout ratio (DPR) is presently 32.03%.

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.