American Trust Buys New Shares in HCA Healthcare, Inc. (NYSE:HCA)

American Trust bought a new stake in HCA Healthcare, Inc. (NYSE:HCA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 916 shares of the company’s stock, valued at approximately $372,000.

Several other large investors have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC bought a new position in HCA Healthcare in the second quarter worth $27,000. Unique Wealth Strategies LLC bought a new stake in HCA Healthcare in the second quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. bought a new position in HCA Healthcare during the second quarter worth about $33,000. Legacy Investment Solutions LLC bought a new stake in shares of HCA Healthcare in the 3rd quarter valued at approximately $39,000. Finally, Canoe Financial LP acquired a new stake in HCA Healthcare in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 62.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on HCA shares. Morgan Stanley began coverage on shares of HCA Healthcare in a research note on Tuesday, September 3rd. They issued an “equal weight” rating and a $427.00 target price on the stock. Truist Financial lifted their target price on shares of HCA Healthcare from $390.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, August 19th. TD Cowen dropped their price target on HCA Healthcare from $450.00 to $440.00 and set a “buy” rating for the company in a report on Monday, October 28th. Wolfe Research upgraded HCA Healthcare to a “strong-buy” rating in a report on Thursday, August 29th. Finally, Royal Bank of Canada increased their price objective on shares of HCA Healthcare from $378.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $387.13.

Insider Buying and Selling

In related news, SVP Phillip G. Billington sold 3,897 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $350.00, for a total transaction of $1,363,950.00. Following the completion of the transaction, the senior vice president now owns 52,702 shares in the company, valued at approximately $18,445,700. This represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Erol R. Akdamar sold 2,900 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $353.00, for a total transaction of $1,023,700.00. Following the transaction, the insider now owns 6,843 shares of the company’s stock, valued at approximately $2,415,579. This represents a 29.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

HCA Healthcare Stock Up 0.8 %

Shares of NYSE:HCA opened at $313.93 on Friday. HCA Healthcare, Inc. has a 52 week low of $263.22 and a 52 week high of $417.14. The company has a market capitalization of $79.52 billion, a PE ratio of 14.10, a PEG ratio of 1.21 and a beta of 1.63. The company has a debt-to-equity ratio of 48.71, a quick ratio of 1.00 and a current ratio of 1.12. The company has a 50 day moving average price of $355.34 and a two-hundred day moving average price of $358.24.

HCA Healthcare Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, December 13th. HCA Healthcare’s dividend payout ratio is currently 11.85%.

About HCA Healthcare

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.