National Pension Service increased its stake in HCA Healthcare, Inc. (NYSE:HCA – Free Report) by 0.5% in the second quarter, Holdings Channel.com reports. The firm owned 591,578 shares of the company’s stock after purchasing an additional 2,820 shares during the quarter. National Pension Service’s holdings in HCA Healthcare were worth $230,650,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Darsana Capital Partners LP grew its stake in HCA Healthcare by 46.7% in the second quarter. Darsana Capital Partners LP now owns 1,100,000 shares of the company’s stock valued at $428,879,000 after purchasing an additional 350,000 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of HCA Healthcare by 8.0% in the 2nd quarter. Cidel Asset Management Inc. now owns 1,585 shares of the company’s stock valued at $618,000 after buying an additional 118 shares during the last quarter. Capital Analysts LLC increased its holdings in HCA Healthcare by 10.3% during the second quarter. Capital Analysts LLC now owns 642 shares of the company’s stock worth $250,000 after buying an additional 60 shares during the last quarter. NewEdge Advisors LLC lifted its stake in HCA Healthcare by 6.5% in the second quarter. NewEdge Advisors LLC now owns 9,918 shares of the company’s stock valued at $3,867,000 after acquiring an additional 609 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of HCA Healthcare by 4.1% during the 2nd quarter. IFP Advisors Inc now owns 9,563 shares of the company’s stock worth $3,729,000 after purchasing an additional 377 shares during the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on HCA. Raymond James Financial set a $528.00 price target on HCA Healthcare in a report on Tuesday, July 7th. Mizuho reduced their target price on HCA Healthcare from $525.00 to $475.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Morgan Stanley cut their price target on HCA Healthcare from $425.00 to $380.00 and set an “underweight” rating for the company in a report on Monday, July 27th. Wells Fargo & Company upped their price objective on shares of HCA Healthcare from $369.00 to $381.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group reduced their target price on shares of HCA Healthcare from $558.00 to $485.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, HCA Healthcare has a consensus rating of “Moderate Buy” and an average target price of $462.64.
HCA Healthcare Price Performance
HCA stock opened at $421.78 on Friday. The business’s fifty day moving average price is $404.64 and its two-hundred day moving average price is $433.45. The stock has a market capitalization of $91.32 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.39 and a beta of 1.10. HCA Healthcare, Inc. has a fifty-two week low of $353.99 and a fifty-two week high of $556.52.
HCA Healthcare (NYSE:HCA – Get Free Report) last released 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 net margin of 8.77% and a negative return on equity of 244.79%. The business had revenue of $20.23 billion for the quarter, compared to the consensus estimate of $19.76 billion. During the same period in the prior year, the company posted $6.84 earnings per share. HCA Healthcare’s revenue was up 8.7% compared to the same quarter last year. Research analysts expect that HCA Healthcare, Inc. will post 29.42 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. 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 dividend payout ratio is currently 10.45%.
About HCA Healthcare
HCA Healthcare, Inc (NYSE:HCA) is a healthcare services company that operates hospitals and other healthcare facilities. Its network provides a broad range of medical services, including emergency care, inpatient and outpatient treatment, surgery, diagnostic services, and maternity care.
The company also operates ambulatory surgery centers, urgent care facilities, physician practices, and other outpatient locations. HCA Healthcare serves patients through facilities located across the United States, as well as through HCA Healthcare UK, its healthcare operations in the United Kingdom.
HCA Healthcare was founded in 1968 by Dr.
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