UnitedHealth Group Inc. Declares Quarterly Dividend of $0.38 (UNH)
UnitedHealth Group (NYSE:UNH) announced a quarterly dividend on Wednesday, August 13th, ARN reports. Shareholders of record on Friday, September 12th will be paid a dividend of 0.375 per share on Tuesday, September 23rd. This represents a $1.50 annualized dividend and a dividend yield of 1.87%.
A number of research firms have recently commented on UNH. Analysts at Goldman Sachs downgraded shares of UnitedHealth Group from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, August 7th. On the ratings front, analysts at Sterne Agee reiterated an “underperform” rating on shares of UnitedHealth Group in a research note on Monday, July 21st. They now have a $87.00 price target on the stock, up previously from $80.00. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of UnitedHealth Group in a research note on Friday, July 18th. They now have a $98.00 price target on the stock, up previously from $87.00. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. UnitedHealth Group currently has an average rating of “Buy” and an average price target of $88.24.
Shares of UnitedHealth Group (NYSE:UNH) opened at 80.22 on Wednesday. UnitedHealth Group has a 1-year low of $66.72 and a 1-year high of $87.24. The stock’s 50-day moving average is $82. and its 200-day moving average is $78.63. The company has a market cap of $77.944 billion and a P/E ratio of 14.61.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.16. The company had revenue of $32.60 billion for the quarter, compared to the consensus estimate of $32.01 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that UnitedHealth Group will post $5.58 earnings per share for the current fiscal year.
UnitedHealth Group Incorporated (NYSE:UNH) diversified health and well-being company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.