Physician Wealth Advisors Inc. Acquires 297 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Physician Wealth Advisors Inc. lifted its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 74.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 695 shares of the healthcare conglomerate’s stock after buying an additional 297 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in UnitedHealth Group were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. New Mexico Educational Retirement Board lifted its holdings in shares of UnitedHealth Group by 13.0% in the 1st quarter. New Mexico Educational Retirement Board now owns 54,720 shares of the healthcare conglomerate’s stock worth $27,906,000 after purchasing an additional 6,300 shares in the last quarter. Atticus Wealth Management LLC lifted its holdings in shares of UnitedHealth Group by 71.8% in the 1st quarter. Atticus Wealth Management LLC now owns 603 shares of the healthcare conglomerate’s stock worth $299,000 after purchasing an additional 252 shares in the last quarter. Brown Miller Wealth Management LLC lifted its holdings in shares of UnitedHealth Group by 3.8% in the 1st quarter. Brown Miller Wealth Management LLC now owns 5,916 shares of the healthcare conglomerate’s stock worth $2,926,000 after purchasing an additional 219 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of UnitedHealth Group by 4.4% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,838 shares of the healthcare conglomerate’s stock worth $3,383,000 after purchasing an additional 286 shares in the last quarter. Finally, CRA Financial Services LLC lifted its holdings in shares of UnitedHealth Group by 1.6% in the 1st quarter. CRA Financial Services LLC now owns 3,123 shares of the healthcare conglomerate’s stock worth $1,545,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley dropped their price objective on UnitedHealth Group from $618.00 to $584.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. TD Cowen dropped their price objective on UnitedHealth Group from $607.00 to $546.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their price objective on UnitedHealth Group from $546.00 to $559.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft raised their target price on UnitedHealth Group from $545.00 to $562.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Baird R W raised UnitedHealth Group to a “strong-buy” rating in a research report on Thursday, May 30th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $579.74.

UnitedHealth Group Price Performance

UNH stock traded up $22.82 during mid-day trading on Friday, reaching $509.26. 22,734,197 shares of the company traded hands, compared to its average volume of 3,685,941. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $468.72 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.41 and a beta of 0.58. UnitedHealth Group Incorporated has a 52-week low of $436.38 and a 52-week high of $554.70. The company has a fifty day moving average price of $498.34 and a 200-day moving average price of $501.96.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, April 16th. The healthcare conglomerate reported $6.91 earnings per share for the quarter, beating analysts’ consensus estimates of $6.63 by $0.28. The business had revenue of $99.80 billion during the quarter, compared to analyst estimates of $99.23 billion. UnitedHealth Group had a return on equity of 26.50% and a net margin of 4.05%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.26 EPS. As a group, analysts anticipate that UnitedHealth Group Incorporated will post 27.57 earnings per share for the current year.

UnitedHealth Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 17th were given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Monday, June 17th. This is an increase from UnitedHealth Group’s previous quarterly dividend of $1.88. UnitedHealth Group’s dividend payout ratio (DPR) is 51.34%.

About UnitedHealth Group

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.