Meiji Yasuda Asset Management Co Ltd. Reduces Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Meiji Yasuda Asset Management Co Ltd. trimmed its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,480 shares of the business services provider’s stock after selling 300 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Booz Allen Hamilton were worth $1,153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in Booz Allen Hamilton by 1.5% during the third quarter. State Street Corp now owns 2,963,488 shares of the business services provider’s stock worth $273,678,000 after buying an additional 43,441 shares during the period. First Trust Advisors LP boosted its stake in shares of Booz Allen Hamilton by 10.9% during the first quarter. First Trust Advisors LP now owns 2,521,503 shares of the business services provider’s stock valued at $221,489,000 after purchasing an additional 247,271 shares during the period. Truist Financial Corp boosted its stake in shares of Booz Allen Hamilton by 3.4% during the third quarter. Truist Financial Corp now owns 1,763,000 shares of the business services provider’s stock valued at $162,813,000 after purchasing an additional 58,739 shares during the period. Wellington Management Group LLP boosted its stake in shares of Booz Allen Hamilton by 27.8% during the first quarter. Wellington Management Group LLP now owns 1,459,668 shares of the business services provider’s stock valued at $128,219,000 after purchasing an additional 317,646 shares during the period. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Booz Allen Hamilton by 30.3% during the third quarter. Lord Abbett & CO. LLC now owns 1,299,057 shares of the business services provider’s stock valued at $119,968,000 after purchasing an additional 302,127 shares during the period. 90.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BAH shares. Morgan Stanley lowered their target price on shares of Booz Allen Hamilton from $118.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, February 2nd. Wells Fargo & Company boosted their target price on shares of Booz Allen Hamilton from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, February 1st. Finally, StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Monday, January 30th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.33.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock opened at $91.33 on Wednesday. The company has a market capitalization of $12.08 billion, a PE ratio of 28.36, a P/E/G ratio of 2.28 and a beta of 0.60. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.44 and a current ratio of 1.44. The company has a 50-day simple moving average of $95.68 and a two-hundred day simple moving average of $99.47. Booz Allen Hamilton Holding Co. has a one year low of $76.60 and a one year high of $112.55.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th were issued a $0.47 dividend. The ex-dividend date was Thursday, February 9th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.06%. Booz Allen Hamilton’s payout ratio is currently 58.39%.

Booz Allen Hamilton Profile

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Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.