11,870 Shares in HCA Healthcare Inc (HCA) Purchased by Municipal Employees Retirement System of Michigan – PressOracle
Municipal Employees Retirement System of Michigan acquired a new position in HCA Healthcare Inc (NYSE:HCA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,870 shares of the company’s stock, valued at approximately $1,478,000.
Several other institutional investors have also recently modified their holdings of HCA. Oregon Public Employees Retirement Fund lifted its stake in shares of HCA Healthcare by 16,494.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,119,359 shares of the company’s stock worth $89,000 after buying an additional 11,052,352 shares during the last quarter. FMR LLC lifted its stake in shares of HCA Healthcare by 98.7% in the third quarter. FMR LLC now owns 10,907,407 shares of the company’s stock worth $1,517,438,000 after buying an additional 5,419,134 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of HCA Healthcare by 433.7% in the third quarter. AQR Capital Management LLC now owns 1,293,241 shares of the company’s stock worth $179,916,000 after buying an additional 1,050,940 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of HCA Healthcare by 111.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,614,102 shares of the company’s stock worth $200,858,000 after buying an additional 850,902 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of HCA Healthcare by 547.2% in the third quarter. Point72 Asset Management L.P. now owns 873,660 shares of the company’s stock worth $121,544,000 after buying an additional 738,660 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.
Shares of HCA stock opened at $136.91 on Friday. HCA Healthcare Inc has a 52-week low of $93.03 and a 52-week high of $147.42. The firm has a market capitalization of $47.03 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.12 and a beta of 0.80.
HCA Healthcare (NYSE:HCA) last announced its quarterly earnings data on Tuesday, January 29th. The company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. HCA Healthcare had a net margin of 8.11% and a negative return on equity of 91.25%. The company had revenue of $12.27 billion during the quarter, compared to analysts’ expectations of $12.10 billion. During the same quarter in the prior year, the company posted $2.12 EPS. The business’s revenue was up 6.2% on a year-over-year basis. Sell-side analysts forecast that HCA Healthcare Inc will post 10.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a $0.40 dividend. This is a boost from HCA Healthcare’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. HCA Healthcare’s dividend payout ratio is currently 16.38%.
In other news, CFO Bill B. Rutherford sold 37,500 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $139.65, for a total value of $5,236,875.00. Following the sale, the chief financial officer now owns 58,972 shares of the company’s stock, valued at approximately $8,235,439.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Victor L. Campbell sold 28,084 shares of the company’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $138.97, for a total transaction of $3,902,833.48. Following the completion of the sale, the senior vice president now directly owns 231,493 shares in the company, valued at approximately $32,170,582.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,476 shares of company stock valued at $10,940,008. Corporate insiders own 2.80% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of HCA Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. SunTrust Banks boosted their price objective on shares of HCA Healthcare to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 30th. Stephens started coverage on shares of HCA Healthcare in a research note on Monday, January 14th. They set an “overweight” rating and a $143.00 target price for the company. Leerink Swann upped their target price on shares of HCA Healthcare from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 30th. Finally, ValuEngine cut shares of HCA Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. HCA Healthcare currently has an average rating of “Buy” and a consensus price target of $148.43.
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HCA Healthcare 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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