Global Retirement Partners LLC Sells 640 Shares of HCA Healthcare Inc (HCA)

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Global Retirement Partners LLC lessened its holdings in shares of HCA Healthcare Inc (NYSE:HCA) by 11.2% during the 1st quarter, Holdings Channel reports. The firm owned 5,053 shares of the company’s stock after selling 640 shares during the period. Global Retirement Partners LLC’s holdings in HCA Healthcare were worth $659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc boosted its holdings in HCA Healthcare by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 19,916,360 shares of the company’s stock worth $2,770,765,000 after buying an additional 66,808 shares during the period. DNB Asset Management AS raised its position in HCA Healthcare by 22.8% in the 4th quarter. DNB Asset Management AS now owns 44,647 shares of the company’s stock worth $5,556,000 after purchasing an additional 8,290 shares during the period. Douglass Winthrop Advisors LLC purchased a new position in HCA Healthcare in the 4th quarter worth $3,061,000. Norway Savings Bank raised its position in HCA Healthcare by 4.9% in the 4th quarter. Norway Savings Bank now owns 4,310 shares of the company’s stock worth $536,000 after purchasing an additional 200 shares during the period. Finally, Highland Capital Management LLC raised its position in HCA Healthcare by 50.5% in the 4th quarter. Highland Capital Management LLC now owns 43,445 shares of the company’s stock worth $5,407,000 after purchasing an additional 14,586 shares during the period. 71.66% of the stock is currently owned by institutional investors.

HCA Healthcare stock traded up $0.72 during trading hours on Thursday, hitting $123.90. The stock had a trading volume of 17,882 shares, compared to its average volume of 1,819,982. The stock has a market capitalization of $41.82 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.98 and a beta of 0.75. HCA Healthcare Inc has a 12-month low of $100.90 and a 12-month high of $147.42.

HCA Healthcare (NYSE:HCA) last issued its earnings results on Tuesday, April 30th. The company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.66. HCA Healthcare had a net margin of 7.71% and a negative return on equity of 112.65%. The business had revenue of $12.52 billion during the quarter, compared to analysts’ expectations of $12.34 billion. During the same period in the previous year, the company earned $3.18 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, research analysts forecast that HCA Healthcare Inc will post 10.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. HCA Healthcare’s payout ratio is 16.38%.

In other news, insider Jon M. Foster sold 44,281 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $122.28, for a total transaction of $5,414,680.68. Following the completion of the transaction, the insider now directly owns 96,052 shares of the company’s stock, valued at $11,745,238.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.

A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of HCA Healthcare from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research report on Friday, May 3rd. UBS Group lifted their target price on shares of HCA Healthcare from $164.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank lifted their target price on shares of HCA Healthcare from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Raymond James upgraded shares of HCA Healthcare from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $135.00 in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group set a $158.00 price target on shares of HCA Healthcare and gave the stock a “buy” rating in a report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have assigned a buy rating to the company. HCA Healthcare presently has a consensus rating of “Buy” and an average target price of $149.41.

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HCA Healthcare Company Profile

HCA Healthcare, Inc, through its subsidiaries, provides health care services. The company operates general, acute care hospitals that offer medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy services.

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

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