American International Group Inc. Sells 892 Shares of HCA Healthcare, Inc. (NYSE:HCA)

American International Group Inc. decreased its holdings in HCA Healthcare, Inc. (NYSE:HCAFree Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,097 shares of the company’s stock after selling 892 shares during the period. American International Group Inc.’s holdings in HCA Healthcare were worth $16,267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Stone House Investment Management LLC bought a new stake in shares of HCA Healthcare in the third quarter worth $25,000. Centerpoint Advisors LLC purchased a new position in HCA Healthcare during the fourth quarter valued at $27,000. Atlantic Edge Private Wealth Management LLC purchased a new position in HCA Healthcare during the fourth quarter valued at $27,000. Bruce G. Allen Investments LLC purchased a new position in HCA Healthcare during the fourth quarter valued at $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in HCA Healthcare during the third quarter valued at $30,000. Institutional investors own 62.73% of the company’s stock.

HCA Healthcare Trading Down 0.1 %

HCA stock traded down $0.24 during midday trading on Thursday, reaching $336.67. 927,710 shares of the company traded hands, compared to its average volume of 1,081,407. HCA Healthcare, Inc. has a 52-week low of $215.96 and a 52-week high of $340.00. The company has a debt-to-equity ratio of 29.26, a quick ratio of 1.02 and a current ratio of 1.16. The business has a 50 day moving average of $319.23 and a 200-day moving average of $309.99. The firm has a market capitalization of $88.18 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 1.54 and a beta of 1.69.

HCA Healthcare (NYSE:HCAGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.01 by $0.35. HCA Healthcare had a return on equity of 674.49% and a net margin of 8.20%. The firm had revenue of $17.34 billion for the quarter, compared to the consensus estimate of $16.81 billion. During the same period in the prior year, the business posted $4.93 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, sell-side analysts expect that HCA Healthcare, Inc. will post 20.86 earnings per share for the current fiscal year.

HCA Healthcare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.64 annualized dividend and a yield of 0.78%. HCA Healthcare’s payout ratio is currently 13.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Cowen lowered their price objective on HCA Healthcare from $371.00 to $360.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Royal Bank of Canada boosted their price objective on HCA Healthcare from $322.00 to $329.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Baird R W upgraded HCA Healthcare to a “strong-buy” rating in a research report on Thursday, May 30th. Wells Fargo & Company boosted their target price on HCA Healthcare from $303.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. Finally, Barclays increased their price target on HCA Healthcare from $356.00 to $367.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.59.

View Our Latest Research Report on HCA Healthcare

Insiders Place Their Bets

In other HCA Healthcare news, SVP Chad J. Wasserman sold 876 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $330.25, for a total transaction of $289,299.00. Following the transaction, the senior vice president now directly owns 1,576 shares in the company, valued at approximately $520,474. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other HCA Healthcare news, SVP Chad J. Wasserman sold 876 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $330.25, for a total transaction of $289,299.00. Following the sale, the senior vice president now owns 1,576 shares of the company’s stock, valued at approximately $520,474. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael S. Cuffe sold 1,600 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $309.00, for a total value of $494,400.00. Following the sale, the executive vice president now directly owns 34,124 shares in the company, valued at approximately $10,544,316. The disclosure for this sale can be found here. Insiders have sold 13,617 shares of company stock worth $4,321,986 in the last ninety days. 1.60% of the stock is owned by company insiders.

HCA Healthcare Profile

(Free Report)

HCA Healthcare, Inc, through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States. It operates general and acute care hospitals that offers 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

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

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