Ritholtz Wealth Management Grows Stock Position in HCA Healthcare, Inc. (NYSE:HCA)

Ritholtz Wealth Management increased its holdings in HCA Healthcare, Inc. (NYSE:HCA) by 48.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,190 shares of the company’s stock after buying an additional 1,371 shares during the period. Ritholtz Wealth Management’s holdings in HCA Healthcare were worth $789,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. E Fund Management Co. Ltd. purchased a new stake in shares of HCA Healthcare in the 1st quarter worth about $184,000. Norinchukin Bank The raised its stake in HCA Healthcare by 2.1% in the 1st quarter. Norinchukin Bank The now owns 22,054 shares of the company’s stock valued at $4,154,000 after purchasing an additional 453 shares during the last quarter. Argent Capital Management LLC raised its stake in HCA Healthcare by 0.6% in the 1st quarter. Argent Capital Management LLC now owns 12,816 shares of the company’s stock valued at $2,414,000 after purchasing an additional 76 shares during the last quarter. Bellevue Group AG raised its stake in HCA Healthcare by 2.0% in the 1st quarter. Bellevue Group AG now owns 374,563 shares of the company’s stock valued at $70,545,000 after purchasing an additional 7,519 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in HCA Healthcare by 56.6% in the 1st quarter. Jupiter Asset Management Ltd. now owns 2,991 shares of the company’s stock valued at $563,000 after purchasing an additional 1,081 shares during the last quarter. Institutional investors and hedge funds own 68.76% of the company’s stock.

In related news, CMO Jonathan B. Perlin sold 38,390 shares of the stock in a transaction on Tuesday, April 27th. The stock was sold at an average price of $199.91, for a total value of $7,674,544.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jon M. Foster sold 5,504 shares of the stock in a transaction on Tuesday, April 20th. The shares were sold at an average price of $194.90, for a total value of $1,072,729.60. Following the completion of the transaction, the insider now owns 21,838 shares of the company’s stock, valued at approximately $4,256,226.20. The disclosure for this sale can be found here. Insiders have sold 347,950 shares of company stock valued at $69,846,314 in the last ninety days. Company insiders own 1.60% of the company’s stock.

A number of research analysts have recently commented on the stock. Oppenheimer upped their price objective on shares of HCA Healthcare from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, April 23rd. Barclays upped their price objective on shares of HCA Healthcare from $195.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, April 23rd. They noted that the move was a valuation call. Royal Bank of Canada increased their target price on shares of HCA Healthcare from $205.00 to $232.00 and gave the stock an “outperform” rating in a research report on Thursday, April 29th. BMO Capital Markets increased their target price on shares of HCA Healthcare from $200.00 to $222.00 and gave the stock a “market perform” rating in a research report on Monday, April 26th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on HCA Healthcare from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, April 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the stock. HCA Healthcare currently has a consensus rating of “Buy” and a consensus target price of $200.10.

Shares of NYSE HCA opened at $210.10 on Friday. HCA Healthcare, Inc. has a 1-year low of $91.21 and a 1-year high of $217.36. The company has a debt-to-equity ratio of 12.42, a current ratio of 1.39 and a quick ratio of 1.15. The stock has a fifty day moving average of $203.07. The firm has a market capitalization of $69.47 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.21 and a beta of 1.64.

HCA Healthcare (NYSE:HCA) last issued its earnings results on Thursday, April 22nd. The company reported $4.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.35 by $0.79. The firm had revenue of $13.98 billion for the quarter, compared to analyst estimates of $13.58 billion. HCA Healthcare had a return on equity of 222.01% and a net margin of 8.73%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the company earned $2.33 earnings per share. On average, equities research analysts predict that HCA Healthcare, Inc. will post 14.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Tuesday, June 15th. HCA Healthcare’s dividend payout ratio (DPR) is 16.54%.

About HCA Healthcare

HCA Healthcare, Inc, through its subsidiaries, operates as a health care services company in the United States. 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.

See Also: Holder of Record

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

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