Elevation Point Wealth Partners LLC bought a new position in HCA Healthcare, Inc. (NYSE:HCA – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund bought 21,700 shares of the company’s stock, valued at approximately $8,461,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Palisade Asset Management LLC acquired a new position in shares of HCA Healthcare in the 3rd quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new position in HCA Healthcare in the fourth quarter valued at approximately $31,000. Cedar Mountain Advisors LLC acquired a new position in HCA Healthcare during the 1st quarter valued at approximately $33,000. MCF Advisors LLC increased its position in HCA Healthcare by 213.0% in the fourth quarter. MCF Advisors LLC now owns 72 shares of the company’s stock worth $34,000 after buying an additional 49 shares during the period. Finally, MidFirst Bank acquired a new position in shares of HCA Healthcare during the second quarter valued at $28,000. 62.73% of the stock is owned by institutional investors and hedge funds.
HCA Healthcare Stock Up 5.6%
NYSE:HCA opened at $429.08 on Friday. HCA Healthcare, Inc. has a 52-week low of $353.99 and a 52-week high of $556.52. The firm has a market cap of $92.90 billion, a P/E ratio of 14.36, a PEG ratio of 1.49 and a beta of 1.10. The business’s 50-day moving average price is $397.16 and its 200 day moving average price is $444.14.
HCA Healthcare Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 16th. HCA Healthcare’s payout ratio is 10.45%.
Analysts Set New Price Targets
Several analysts recently weighed in on HCA shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $435.00 price objective on shares of HCA Healthcare in a research report on Monday, July 27th. Cantor Fitzgerald decreased their price objective on HCA Healthcare from $588.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Truist Financial cut their target price on HCA Healthcare from $535.00 to $495.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Stephens decreased their target price on shares of HCA Healthcare from $560.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, April 27th. Finally, Morgan Stanley reduced their price target on shares of HCA Healthcare from $425.00 to $380.00 and set an “underweight” rating for the company in a research note on Monday, July 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, HCA Healthcare presently has an average rating of “Moderate Buy” and an average target price of $462.64.
Get Our Latest Stock Analysis 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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