Canada Pension Plan Investment Board Has $7.17 Million Position in Booz Allen Hamilton Holding Co. (BAH)
Canada Pension Plan Investment Board decreased its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 62.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,000 shares of the business services provider’s stock after selling 278,000 shares during the quarter. Canada Pension Plan Investment Board owned 0.12% of Booz Allen Hamilton worth $7,172,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bray Capital Advisors acquired a new position in Booz Allen Hamilton in the 1st quarter worth about $108,000. SG Americas Securities LLC acquired a new position in Booz Allen Hamilton in the 2nd quarter worth about $144,000. Fiduciary Trust Co. acquired a new position in Booz Allen Hamilton in the 2nd quarter worth about $208,000. Welch & Forbes LLC acquired a new position in Booz Allen Hamilton in the 2nd quarter worth about $212,000. Finally, Greenleaf Trust acquired a new position in Booz Allen Hamilton in the 2nd quarter worth about $215,000. 94.36% of the stock is owned by institutional investors.
NYSE:BAH opened at $51.11 on Friday. Booz Allen Hamilton Holding Co. has a 12 month low of $33.44 and a 12 month high of $51.35. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.87. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.82 and a beta of 1.12.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Tuesday, August 14th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, August 13th. This represents a $0.76 annualized dividend and a yield of 1.49%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 37.81%.
A number of research firms recently weighed in on BAH. SunTrust Banks upped their price target on Booz Allen Hamilton from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. Wells Fargo & Co upped their price target on Booz Allen Hamilton from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, June 7th. Vertical Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Monday, July 9th. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $47.60.
In other Booz Allen Hamilton news, insider Joseph Logue sold 72,000 shares of the business’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $45.22, for a total transaction of $3,255,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ralph W. Shrader sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $43.91, for a total value of $1,317,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 274,025 shares of company stock valued at $12,550,990. 3.56% of the stock is owned by company insiders.
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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