Peloton Wealth Strategists Has $4.89 Million Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Peloton Wealth Strategists grew its stake in UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,290 shares of the healthcare conglomerate’s stock after purchasing an additional 150 shares during the period. UnitedHealth Group comprises about 2.1% of Peloton Wealth Strategists’ investment portfolio, making the stock its 15th biggest position. Peloton Wealth Strategists’ holdings in UnitedHealth Group were worth $4,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SageView Advisory Group LLC lifted its holdings in UnitedHealth Group by 26.5% during the 4th quarter. SageView Advisory Group LLC now owns 10,973 shares of the healthcare conglomerate’s stock valued at $5,526,000 after purchasing an additional 2,299 shares during the last quarter. Secured Retirement Advisors LLC bought a new position in UnitedHealth Group during the 4th quarter valued at about $3,582,000. Sanibel Captiva Trust Company Inc. bought a new position in UnitedHealth Group during the 4th quarter valued at about $35,653,000. Oarsman Capital Inc. raised its stake in shares of UnitedHealth Group by 3.4% in the fourth quarter. Oarsman Capital Inc. now owns 4,219 shares of the healthcare conglomerate’s stock worth $2,221,000 after acquiring an additional 138 shares during the last quarter. Finally, Aspect Partners LLC bought a new position in shares of UnitedHealth Group in the fourth quarter worth about $168,000. 87.86% of the stock is currently owned by institutional investors and hedge funds.

UnitedHealth Group Stock Performance

NYSE UNH traded down $0.29 on Friday, hitting $497.01. 1,475,112 shares of the stock were exchanged, compared to its average volume of 4,139,578. 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 business’s fifty day moving average is $492.73 and its 200 day moving average is $506.70. UnitedHealth Group Incorporated has a 52 week low of $436.38 and a 52 week high of $554.70. The company has a market capitalization of $457.44 billion, a PE ratio of 30.15, a P/E/G ratio of 1.43 and a beta of 0.58.

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

UnitedHealth Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 17th will be issued a $2.10 dividend. This is an increase from UnitedHealth Group’s previous quarterly dividend of $1.88. This represents a $8.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, June 14th. UnitedHealth Group’s payout ratio is currently 45.97%.

Analyst Ratings Changes

A number of equities analysts have weighed in on UNH shares. Piper Sandler boosted their target price on shares of UnitedHealth Group from $566.00 to $571.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Truist Financial reiterated a “buy” rating and set a $600.00 price target on shares of UnitedHealth Group in a research report on Wednesday, April 17th. HSBC upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $580.00 price target for the company in a research report on Wednesday, June 5th. StockNews.com upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada decreased their price objective on shares of UnitedHealth Group from $596.00 to $555.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $578.75.

Read Our Latest Report on UnitedHealth Group

About UnitedHealth Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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