AIA Group Ltd acquired a new position in shares of HCA Healthcare, Inc. (NYSE:HCA – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,332 shares of the company’s stock, valued at approximately $12,935,000.
Other institutional investors have also added to or reduced their stakes in the company. Palisade Asset Management LLC bought a new stake in shares of HCA Healthcare in the third quarter valued at about $26,000. Holos Integrated Wealth LLC acquired a new stake in HCA Healthcare in the 4th quarter worth about $29,000. Ares Financial Consulting LLC acquired a new position in shares of HCA Healthcare during the 4th quarter worth approximately $31,000. Cedar Mountain Advisors LLC acquired a new stake in shares of HCA Healthcare in the first quarter valued at approximately $33,000. Finally, JPL Wealth Management LLC acquired a new stake in HCA Healthcare during the third quarter worth approximately $33,000. 62.73% of the stock is currently owned by institutional investors.
HCA Healthcare Stock Performance
NYSE:HCA opened at $371.60 on Friday. HCA Healthcare, Inc. has a 52 week low of $330.00 and a 52 week high of $556.52. The firm’s fifty day moving average is $392.25 and its 200-day moving average is $457.05. The firm has a market cap of $82.44 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.23 and a beta of 1.12.
HCA Healthcare Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 16th. HCA Healthcare’s dividend payout ratio is currently 10.73%.
Wall Street Analysts Forecast Growth
HCA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on HCA Healthcare from $558.00 to $540.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Oppenheimer reduced their price objective on shares of HCA Healthcare from $540.00 to $520.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Sanford C. Bernstein restated a “market perform” rating on shares of HCA Healthcare in a research report on Wednesday. Barclays decreased their price objective on shares of HCA Healthcare from $427.00 to $402.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Leerink Partners cut their target price on HCA Healthcare from $573.00 to $500.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Fourteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $486.14.
View Our Latest Stock Report on HCA
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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