EP Wealth Advisors LLC Acquires New Holdings in HCA Healthcare, Inc. $HCA

EP Wealth Advisors LLC bought a new stake in HCA Healthcare, Inc. (NYSE:HCAFree Report) in the second quarter, Holdings Channel reports. The fund bought 111,026 shares of the company’s stock, valued at approximately $43,288,000.

Several other institutional investors and hedge funds have also made changes to their positions in HCA. Palisade Asset Management LLC bought a new stake in HCA Healthcare during the third quarter worth approximately $26,000. MidFirst Bank acquired a new position in shares of HCA Healthcare during the 2nd quarter valued at $28,000. Clearstead Trust LLC acquired a new stake in shares of HCA Healthcare in the second quarter valued at $29,000. Ares Financial Consulting LLC bought a new stake in HCA Healthcare in the fourth quarter worth about $31,000. Finally, Cedar Mountain Advisors LLC bought a new position in shares of HCA Healthcare during the 1st quarter valued at about $33,000. 62.73% of the stock is currently owned by institutional investors.

HCA Healthcare Stock Up 5.6%

HCA opened at $429.08 on Friday. HCA Healthcare, Inc. has a 12-month low of $353.99 and a 12-month high of $556.52. The firm has a market capitalization of $92.90 billion, a P/E ratio of 14.36, a PEG ratio of 1.41 and a beta of 1.10. The stock has a fifty day moving average of $397.16 and a 200-day moving average of $444.14.

HCA Healthcare (NYSE:HCAGet Free Report) last posted its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share 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 firm had revenue of $20.23 billion for the quarter, compared to analyst estimates of $19.76 billion. During the same period in the previous year, the firm earned $6.84 earnings per share. HCA Healthcare’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts expect that HCA Healthcare, Inc. will post 29.47 earnings per share for the current fiscal year.

HCA Healthcare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend on an annualized basis and a yield of 0.7%. HCA Healthcare’s payout ratio is presently 10.45%.

Analysts Set New Price Targets

HCA has been the subject of several recent research reports. Barclays cut their target price on shares of HCA Healthcare from $402.00 to $387.00 and set an “equal weight” rating for the company in a research note on Monday, July 27th. JPMorgan Chase & Co. cut their price objective on HCA Healthcare from $490.00 to $425.00 and set a “neutral” rating for the company in a research report on Thursday. Raymond James Financial set a $528.00 target price on HCA Healthcare in a report on Tuesday, July 7th. Wells Fargo & Company upped their target price on HCA Healthcare from $369.00 to $381.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Finally, Weiss Ratings downgraded HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $462.64.

Read Our Latest Stock Analysis on HCA

About HCA Healthcare

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HCA Healthcare (NYSE:HCA)

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