3,117 Shares in HCA Healthcare, Inc. $HCA Acquired by Global Retirement Partners LLC

Key Points

• Global Retirement Partners acquired 3,117 HCA Healthcare shares worth approximately $1.2 million during the second quarter. Institutional investors collectively own 62.73% of the company, with several other major funds also increasing their positions.
• Analysts remain broadly positive, with 14 Buy, eight Hold and one Sell rating; the stock has an overall “Moderate Buy” consensus and an average price target of $465.59, despite several recent target reductions.
• HCA reported quarterly earnings of $7.59 per share and revenue of $20.23 billion, exceeding estimates, while revenue rose 8.7% year over year. The company also declared a quarterly dividend of $0.78 per share, equating to a 0.8% yield.

Global Retirement Partners LLC purchased a new stake in HCA Healthcare, Inc. (NYSE:HCA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,117 shares of the company's stock, valued at approximately $1,215,000.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of HCA Healthcare during the fourth quarter worth approximately $1,262,513,000. Life Cycle Investment Partners Ltd bought a new stake in shares of HCA Healthcare during the 4th quarter valued at about $374,037,000. Viking Global Investors LP boosted its holdings in shares of HCA Healthcare by 58.5% during the 2nd quarter. Viking Global Investors LP now owns 1,872,133 shares of the company's stock valued at $717,214,000 after buying an additional 690,773 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of HCA Healthcare by 4,545.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 663,337 shares of the company's stock worth $309,686,000 after purchasing an additional 649,058 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in HCA Healthcare by 5,941.1% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 381,433 shares of the company's stock worth $180,509,000 after purchasing an additional 375,119 shares in the last quarter. 62.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Oppenheimer dropped their price objective on HCA Healthcare from $520.00 to $485.00 and set an "outperform" rating on the stock in a research report on Monday, July 27th. Truist Financial decreased their price objective on HCA Healthcare from $535.00 to $495.00 and set a "buy" rating on the stock in a research note on Monday, July 27th. The Goldman Sachs Group cut their price objective on shares of HCA Healthcare from $558.00 to $485.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. Wall Street Zen cut shares of HCA Healthcare from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Finally, Argus dropped their target price on HCA Healthcare from $560.00 to $500.00 and set a "buy" rating for the company in a research report on Monday, May 4th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $465.59.

HCA Healthcare Stock Performance

HCA Healthcare stock opened at $405.53 on Tuesday. The firm has a 50 day moving average price of $394.30 and a 200 day moving average price of $445.90. HCA Healthcare, Inc. has a fifty-two week low of $353.99 and a fifty-two week high of $556.52. The company has a market capitalization of $87.80 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10.

HCA Healthcare (NYSE:HCA - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The company reported $7.59 EPS for the quarter, beating the consensus estimate of $7.56 by $0.03. The company had revenue of $20.23 billion during the quarter, compared to analysts' expectations of $19.76 billion. HCA Healthcare had a net margin of 8.77% and a negative return on equity of 244.79%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $6.84 EPS. As a group, equities research analysts forecast that HCA Healthcare, Inc. will post 29.47 earnings per share for the current year.

HCA Healthcare Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.12 annualized dividend and a dividend yield of 0.8%. HCA Healthcare's payout ratio is 10.45%.

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.

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