PKO Investment Management Joint Stock Co Makes New $1.14 Million Investment in HCA Healthcare, Inc. (NYSE:HCA)

PKO Investment Management Joint Stock Co bought a new position in shares of HCA Healthcare, Inc. (NYSE:HCA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,300 shares of the company’s stock, valued at approximately $1,140,000.

Several other large investors also recently bought and sold shares of HCA. Atwood & Palmer Inc. acquired a new stake in HCA Healthcare during the 1st quarter valued at approximately $28,000. Whipplewood Advisors LLC acquired a new stake in HCA Healthcare during the 4th quarter valued at approximately $31,000. Tidemark LLC acquired a new stake in HCA Healthcare during the 4th quarter valued at approximately $36,000. Legacy Investment Solutions LLC lifted its stake in shares of HCA Healthcare by 99.0% in the 4th quarter. Legacy Investment Solutions LLC now owns 191 shares of the company’s stock valued at $62,000 after purchasing an additional 95 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of HCA Healthcare in the 4th quarter valued at $64,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.

Insider Transactions at HCA Healthcare

In related news, COO Jon M. Foster sold 15,698 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $369.32, for a total transaction of $5,797,585.36. Following the completion of the transaction, the chief operating officer now owns 12,646 shares of the company’s stock, valued at $4,670,420.72. This trade represents a 55.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

HCA has been the subject of a number of research analyst reports. Barclays set a $416.00 price objective on shares of HCA Healthcare and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Wall Street Zen upgraded shares of HCA Healthcare from a “hold” rating to a “buy” rating in a research report on Monday, April 28th. Stephens upgraded shares of HCA Healthcare to a “strong-buy” rating in a research report on Monday, June 2nd. Morgan Stanley set a $410.00 price objective on shares of HCA Healthcare and gave the stock an “equal weight” rating in a research report on Monday, June 9th. Finally, Royal Bank of Canada dropped their target price on shares of HCA Healthcare from $384.00 to $376.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $392.47.

HCA Healthcare Stock Performance

HCA stock opened at $368.74 on Tuesday. HCA Healthcare, Inc. has a 12-month low of $289.98 and a 12-month high of $417.14. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 69.07. The stock’s 50 day simple moving average is $359.19 and its 200 day simple moving average is $333.52. The firm has a market cap of $88.71 billion, a P/E ratio of 16.78, a P/E/G ratio of 1.10 and a beta of 1.49.

HCA Healthcare (NYSE:HCA) last issued its earnings results on Friday, April 25th. The company reported $6.45 earnings per share for the quarter, topping the consensus estimate of $5.75 by $0.70. HCA Healthcare had a return on equity of 586.47% and a net margin of 8.16%. The firm had revenue of $18.32 billion for the quarter, compared to analyst estimates of $18.26 billion. During the same period last year, the company earned $5.36 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities research analysts predict that HCA Healthcare, Inc. will post 24.98 EPS for the current year.

HCA Healthcare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.88 annualized dividend and a dividend yield of 0.78%. HCA Healthcare’s payout ratio is 12.81%.

About HCA Healthcare

HCA Healthcare, Inc, through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States. It operates general and acute care hospitals that offers medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy.