Danske Bank A S purchased a new stake in HCA Healthcare, Inc. (NYSE:HCA – Free Report) during the second quarter, HoldingsChannel.com reports. The firm purchased 299,722 shares of the company’s stock, valued at approximately $116,859,000.
Other institutional investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position in shares of HCA Healthcare by 6.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 64,237 shares of the company’s stock valued at $29,990,000 after acquiring an additional 3,724 shares during the period. Advisors Capital Management LLC increased its stake in HCA Healthcare by 61.5% in the 4th quarter. Advisors Capital Management LLC now owns 6,836 shares of the company’s stock valued at $3,192,000 after purchasing an additional 2,604 shares in the last quarter. Liberty Wealth Management LLC purchased a new stake in HCA Healthcare during the fourth quarter worth $1,905,000. Arrowstreet Capital Limited Partnership increased its position in shares of HCA Healthcare by 11.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,311,112 shares of the company’s stock valued at $1,078,966,000 after buying an additional 245,887 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of HCA Healthcare by 171.7% in the 1st quarter. Sunbelt Securities Inc. now owns 6,242 shares of the company’s stock worth $2,954,000 after buying an additional 3,945 shares in the last quarter. 62.73% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
HCA has been the topic of several recent research reports. Wall Street Zen downgraded shares of HCA Healthcare from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. dropped their price target on HCA Healthcare from $535.00 to $490.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. KeyCorp decreased their price objective on HCA Healthcare from $475.00 to $435.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Jefferies Financial Group set a $450.00 target price on shares of HCA Healthcare in a report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft set a $476.00 price objective on shares of HCA Healthcare in a research report on Monday, July 27th. Fourteen 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, the company has a consensus rating of “Moderate Buy” and an average target price of $465.59.
HCA Healthcare Trading Up 1.8%
HCA Healthcare stock opened at $412.27 on Wednesday. The stock has a fifty day moving average price of $395.07 and a 200 day moving average price of $445.35. HCA Healthcare, Inc. has a 52 week low of $353.99 and a 52 week high of $556.52. The firm has a market capitalization of $89.26 billion, a P/E ratio of 13.80, a PEG ratio of 1.40 and a beta of 1.10.
HCA Healthcare (NYSE:HCA – Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The company reported $7.59 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $19.76 billion. During the same quarter in the previous year, the business earned $6.84 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. As a group, equities analysts predict that HCA Healthcare, Inc. will post 29.47 EPS for the current year.
HCA Healthcare Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be 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 is Wednesday, September 16th. HCA Healthcare’s dividend payout ratio (DPR) is 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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