In this work, polycrystalline BaFe11.5-xAlxCo0.5O19 (0≤x≤2) hexaferrite samples were synthesised by means of the sol-gel technique. Thereafter, the magnetic and structural properties are thoroughly examined. Cell refinement and XRD examination verified a magnetoplumbite hexaferrite arrangement with a space group of P63/mmc for each sample. The parameters 'a' and 'c' in the lattice fall in value from 5.885 Å to 5.875 Å and from 23.117 Å to 23.049 Å, respectively. Both the average crystallite size and the unit cell volume exhibit a declining trend as the doping level increases. For M-type hexaferrites, the optimal range of c/a values is determined to be 3.923-3.928. The refining process quality was confirmed by the fit good-ness (χ2) values, which fall within the range of 1.079-1.094. X-ray density (dx) and bulk density (db) decline with rising doping contents until x=1.5 doping content, at which point they exhibit an increasing trend. The results showed that as the doping amount increased, the saturation and remanence magnetizations decreased. Coercivity and magnetocrystalline anisotropy are rising together. Both the anisotropy field (Ha) and the anisotropy parameter (B) exhibit a rising trend with doping content. Coercivity of 5.896 kOe, anisotropic applied field of 1.84 kOe, saturation magnetization of 42.68 emu/g, remanence magnetization of 24.414 (emu/g), and magnetic moment per formula unit-(mB) of 11.19µB are the best magnetic properties obtained for the BaFe10Al1.5Co0.5O19 sample.