Perigon Wealth Management LLC purchased a new position in HCA Healthcare, Inc. (NYSE:HCA – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 2,710 shares of the company’s stock, valued at approximately $1,057,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in shares of HCA Healthcare by 1.0% during the fourth quarter. State Street Corp now owns 7,566,643 shares of the company’s stock valued at $3,532,563,000 after purchasing an additional 76,039 shares in the last quarter. Capital World Investors lifted its position in HCA Healthcare by 0.8% during the fourth quarter. Capital World Investors now owns 4,999,422 shares of the company’s stock valued at $2,334,040,000 after buying an additional 40,086 shares during the period. Geode Capital Management LLC grew its position in shares of HCA Healthcare by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,663,705 shares of the company’s stock worth $1,702,738,000 after buying an additional 13,565 shares during the period. Norges Bank purchased a new stake in HCA Healthcare in the fourth quarter worth about $1,262,513,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of HCA Healthcare by 11.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,311,112 shares of the company’s stock worth $1,078,966,000 after buying an additional 245,887 shares during the last quarter. Hedge funds and other institutional investors own 62.73% of the company’s stock.
HCA Healthcare Trading Up 1.8%
Shares of HCA stock opened at $412.27 on Wednesday. The stock has a market capitalization of $89.26 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.40 and a beta of 1.10. The firm’s 50 day moving average is $395.07 and its 200 day moving average is $445.35. HCA Healthcare, Inc. has a 12-month low of $353.99 and a 12-month high of $556.52.
HCA Healthcare Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given 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 is presently 10.45%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on HCA. Oppenheimer reduced their price target on HCA Healthcare from $520.00 to $485.00 and set an “outperform” rating for the company in a report on Monday, July 27th. Leerink Partners reduced their price objective on shares of HCA Healthcare from $573.00 to $500.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. KeyCorp dropped their target price on shares of 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 price objective on HCA Healthcare in a research report on Tuesday, July 14th. Finally, TD Cowen decreased their price target on HCA Healthcare from $500.00 to $431.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $465.59.
View Our Latest Report on HCA Healthcare
HCA Healthcare Company 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.
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