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Alapocas Investment Partners Inc. Sells 830 Shares of UnitedHealth Group Incorporated $UNH

UnitedHealth Group logo with Medical background

Key Points

  • Alapocas Investment Partners Inc. reduced its position in UnitedHealth Group by 5.3% in Q2, selling 830 shares, which now makes up 3.0% of its total portfolio.
  • Several analysts have updated their ratings and price targets for UnitedHealth Group, with Mizuho increasing their target from $300 to $430 and KeyCorp raising theirs from $350 to $400.
  • UnitedHealth Group reported a quarterly earnings miss, with EPS of $4.08 compared to an expected $4.45, despite a year-over-year revenue increase of 12.9%.
  • MarketBeat previews top five stocks to own in November.

Alapocas Investment Partners Inc. lowered its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,737 shares of the healthcare conglomerate's stock after selling 830 shares during the period. UnitedHealth Group accounts for 3.0% of Alapocas Investment Partners Inc.'s portfolio, making the stock its 15th largest holding. Alapocas Investment Partners Inc.'s holdings in UnitedHealth Group were worth $4,598,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of UNH. Bayforest Capital Ltd raised its position in UnitedHealth Group by 685.7% in the 1st quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate's stock worth $29,000 after purchasing an additional 48 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in UnitedHealth Group by 416.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 62 shares of the healthcare conglomerate's stock worth $32,000 after acquiring an additional 50 shares during the period. Kentucky Trust Co grew its holdings in UnitedHealth Group by 53.8% during the 2nd quarter. Kentucky Trust Co now owns 143 shares of the healthcare conglomerate's stock worth $45,000 after acquiring an additional 50 shares during the period. O Brien Wealth Partners LLC grew its holdings in shares of UnitedHealth Group by 74.0% in the 1st quarter. O Brien Wealth Partners LLC now owns 87 shares of the healthcare conglomerate's stock valued at $46,000 after buying an additional 37 shares during the period. Finally, Cloud Capital Management LLC acquired a new position in shares of UnitedHealth Group in the 1st quarter valued at $53,000. Institutional investors own 87.86% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UNH shares. Baird R W lowered shares of UnitedHealth Group from a "hold" rating to a "strong sell" rating in a report on Thursday, July 31st. Mizuho boosted their price target on shares of UnitedHealth Group from $300.00 to $430.00 and gave the stock an "outperform" rating in a research report on Thursday, October 9th. KeyCorp upped their price target on shares of UnitedHealth Group from $350.00 to $400.00 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $440.00 price target on shares of UnitedHealth Group in a research note on Tuesday, August 26th. Finally, Royal Bank Of Canada decreased their target price on shares of UnitedHealth Group from $355.00 to $286.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, UnitedHealth Group presently has an average rating of "Hold" and a consensus target price of $385.13.

Read Our Latest Analysis on UNH

UnitedHealth Group Stock Performance

NYSE UNH opened at $364.31 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $329.95 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 2.31 and a beta of 0.47. The firm's 50 day simple moving average is $331.62 and its 200 day simple moving average is $341.12. UnitedHealth Group Incorporated has a 1 year low of $234.60 and a 1 year high of $630.73.

UnitedHealth Group (NYSE:UNH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.45 by ($0.37). The firm had revenue of $111.62 billion for the quarter, compared to analyst estimates of $111.75 billion. UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.The business's revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.80 EPS. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. As a group, research analysts expect that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 15th were paid a $2.21 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $8.84 annualized dividend and a yield of 2.4%. UnitedHealth Group's dividend payout ratio is presently 38.30%.

UnitedHealth Group Company Profile

(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.

Read More

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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