Resona Asset Management Co. Ltd. decreased its position in shares of HCA Healthcare, Inc. (NYSE:HCA – Free Report) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,323 shares of the company’s stock after selling 5,691 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in HCA Healthcare were worth $24,960,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hartford Funds Management Co LLC lifted its holdings in shares of HCA Healthcare by 56.0% in the fourth quarter. Hartford Funds Management Co LLC now owns 4,440 shares of the company’s stock valued at $2,075,000 after purchasing an additional 1,593 shares in the last quarter. Profund Advisors LLC lifted its position in shares of HCA Healthcare by 25.4% in the fourth quarter. Profund Advisors LLC now owns 2,783 shares of the company’s stock worth $1,299,000 after purchasing an additional 564 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of HCA Healthcare by 6.1% in the fourth quarter. ProShare Advisors LLC now owns 30,403 shares of the company’s stock worth $14,194,000 after purchasing an additional 1,755 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of HCA Healthcare by 14.5% during the fourth quarter. HighTower Advisors LLC now owns 39,390 shares of the company’s stock worth $18,389,000 after acquiring an additional 4,987 shares in the last quarter. Finally, Mission Wealth Management LP raised its holdings in shares of HCA Healthcare by 1.9% during the fourth quarter. Mission Wealth Management LP now owns 2,606 shares of the company’s stock worth $1,217,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.
HCA Healthcare Stock Performance
HCA Healthcare stock opened at $403.98 on Wednesday. HCA Healthcare, Inc. has a 52 week low of $330.00 and a 52 week high of $556.52. The business’s 50-day simple moving average is $473.90 and its 200-day simple moving average is $485.20. The firm has a market capitalization of $89.62 billion, a PE ratio of 13.89, a PEG ratio of 1.34 and a beta of 1.18.
HCA Healthcare Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.8%. HCA Healthcare’s payout ratio is 10.73%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on HCA shares. Wells Fargo & Company cut their price objective on shares of HCA Healthcare from $481.00 to $436.00 and set an “equal weight” rating on the stock in a research report on Monday, April 27th. TD Cowen cut their target price on HCA Healthcare from $561.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Sanford C. Bernstein cut their target price on HCA Healthcare from $541.00 to $503.00 and set a “market perform” rating on the stock in a report on Tuesday, April 28th. Weiss Ratings lowered shares of HCA Healthcare from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of HCA Healthcare from $558.00 to $540.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, HCA Healthcare has an average rating of “Moderate Buy” and a consensus price target of $515.77.
Check Out Our Latest Stock Report on HCA
About HCA Healthcare
HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.
The company’s core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA’s services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.
Read More
- Five stocks we like better than HCA Healthcare
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Want to see what other hedge funds are holding HCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HCA Healthcare, Inc. (NYSE:HCA – Free Report).
Receive News & Ratings for HCA Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCA Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.
