Cetera Trust Company N.A Makes New Investment in HCA Healthcare, Inc. $HCA

Cetera Trust Company N.A purchased a new stake in shares of HCA Healthcare, Inc. (NYSE:HCA) in the 2nd quarter, Holdings Channel reports. The fund purchased 3,023 shares of the company’s stock, valued at approximately $1,179,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HCA. Palisade Asset Management LLC bought a new position in HCA Healthcare in the third quarter worth approximately $26,000. MidFirst Bank purchased a new stake in shares of HCA Healthcare in the 2nd quarter worth $28,000. Clearstead Trust LLC purchased a new position in HCA Healthcare during the second quarter valued at $29,000. Ares Financial Consulting LLC bought a new position in shares of HCA Healthcare in the fourth quarter worth about $31,000. Finally, Cedar Mountain Advisors LLC bought a new position in shares of HCA Healthcare during the 1st quarter valued at approximately $33,000. 62.73% of the stock is owned by hedge funds and other institutional investors.

HCA Healthcare Trading Down 0.0%

Shares of HCA Healthcare stock opened at $429.19 on Tuesday. HCA Healthcare, Inc. has a 12 month low of $353.99 and a 12 month high of $556.52. The stock has a 50 day moving average of $397.94 and a 200 day moving average of $443.28. The firm has a market cap of $92.92 billion, a PE ratio of 14.37, a PEG ratio of 1.49 and a beta of 1.10.

HCA Healthcare (NYSE:HCA) last issued its quarterly earnings data on Friday, July 24th. The company reported $7.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The business had revenue of $20.23 billion for the quarter, compared to analysts’ expectations of $19.76 billion. During the same period in the prior year, the firm earned $6.84 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts forecast that HCA Healthcare, Inc. will post 29.47 earnings per share for the current fiscal year.

HCA Healthcare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.78 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. HCA Healthcare’s payout ratio is 10.45%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HCA shares. Wall Street Zen downgraded shares of HCA Healthcare from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. The Goldman Sachs Group decreased their price target on HCA Healthcare from $558.00 to $485.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. UBS Group cut their target price on HCA Healthcare from $635.00 to $579.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $435.00 price target on shares of HCA Healthcare in a research note on Monday, July 27th. Finally, Morgan Stanley reduced their price objective on shares of HCA Healthcare from $425.00 to $380.00 and set an “underweight” rating on the stock in a research report on Monday, July 27th. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $462.64.

HCA Healthcare Profile

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.