South Dakota Investment Council decreased its stake in HCA Healthcare, Inc. (NYSE:HCA – Free Report) by 54.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,128 shares of the company’s stock after selling 1,360 shares during the period. South Dakota Investment Council’s holdings in HCA Healthcare were worth $534,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. Palisade Asset Management LLC purchased a new position in HCA Healthcare in the third quarter valued at approximately $26,000. Ares Financial Consulting LLC bought a new stake in shares of HCA Healthcare in the fourth quarter valued at $31,000. Cedar Mountain Advisors LLC bought a new position in shares of HCA Healthcare during the 1st quarter worth $33,000. JPL Wealth Management LLC bought a new stake in HCA Healthcare in the 3rd quarter valued at about $33,000. Finally, MCF Advisors LLC boosted its position in HCA Healthcare by 213.0% during the fourth quarter. MCF Advisors LLC now owns 72 shares of the company’s stock worth $34,000 after purchasing an additional 49 shares during the period. Institutional investors own 62.73% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on HCA. Mizuho cut their price objective on shares of HCA Healthcare from $525.00 to $475.00 and set an “outperform” rating for the company in a report on Tuesday. Weiss Ratings cut shares of HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Wells Fargo & Company set a $369.00 price objective on HCA Healthcare in a research note on Monday, July 20th. Raymond James Financial set a $528.00 price target on HCA Healthcare in a report on Tuesday, July 7th. Finally, Wall Street Zen cut shares of HCA Healthcare from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $465.05.
HCA Healthcare Stock Up 1.9%
NYSE HCA opened at $403.44 on Friday. The company has a market capitalization of $87.35 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.37 and a beta of 1.12. The stock’s 50-day simple moving average is $387.06 and its two-hundred day simple moving average is $451.16. HCA Healthcare, Inc. has a twelve month low of $353.13 and a twelve month high of $556.52.
HCA Healthcare (NYSE:HCA – Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The company reported $7.59 earnings per share for the quarter, beating analysts’ consensus estimates of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The company had revenue of $20.23 billion for the quarter, compared to analysts’ expectations of $19.76 billion. During the same period last year, the firm posted $6.84 EPS. HCA Healthcare’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts expect that HCA Healthcare, Inc. will post 29.45 earnings per share for the current fiscal year.
HCA Healthcare Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.12 annualized dividend and a dividend yield of 0.8%. HCA Healthcare’s dividend payout ratio (DPR) is currently 10.45%.
About HCA Healthcare
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.
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