Illinois Municipal Retirement Fund lifted its stake in HCA Healthcare, Inc. (NYSE:HCA – Free Report) by 26.4% in the 1st quarter, Holdings Channel reports. The firm owned 16,771 shares of the company’s stock after purchasing an additional 3,503 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in HCA Healthcare were worth $7,937,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Palisade Asset Management LLC purchased a new stake in shares of HCA Healthcare during the 3rd quarter worth approximately $26,000. Holos Integrated Wealth LLC purchased a new stake in HCA Healthcare during the fourth quarter worth $29,000. Ares Financial Consulting LLC purchased a new position in shares of HCA Healthcare in the fourth quarter valued at $31,000. Cedar Mountain Advisors LLC purchased a new stake in shares of HCA Healthcare in the 1st quarter worth about $33,000. Finally, JPL Wealth Management LLC purchased a new position in HCA Healthcare during the 3rd quarter valued at about $33,000. 62.73% of the stock is currently owned by institutional investors and hedge funds.
HCA Healthcare Stock Down 3.7%
Shares of NYSE:HCA opened at $371.60 on Friday. The business has a fifty day simple moving average of $392.25 and a 200-day simple moving average of $457.05. HCA Healthcare, Inc. has a 52 week low of $330.00 and a 52 week high of $556.52. The company has a market cap of $82.44 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.27 and a beta of 1.12.
HCA Healthcare Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 16th. HCA Healthcare’s dividend payout ratio (DPR) is 10.73%.
Wall Street Analysts Forecast Growth
HCA has been the topic of several research reports. Raymond James Financial set a $528.00 price target on shares of HCA Healthcare in a research report on Tuesday, July 7th. Jefferies Financial Group set a $450.00 target price on HCA Healthcare in a report on Tuesday. TD Cowen cut their price target on HCA Healthcare from $500.00 to $431.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Robert W. Baird dropped their price objective on HCA Healthcare from $450.00 to $442.00 and set a “neutral” rating for the company in a research report on Wednesday, April 15th. Finally, Truist Financial set a $413.00 target price on shares of HCA Healthcare in a report on Thursday, June 4th. Fourteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $486.14.
View Our Latest Research Report on HCA
HCA Healthcare Profile
HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.
The company’s core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA’s services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.
Read More
- Five stocks we like better than HCA Healthcare
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Want to see what other hedge funds are holding HCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HCA Healthcare, Inc. (NYSE:HCA – Free Report).
Receive News & Ratings for HCA Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCA Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.
