National HealthCare Co. $NHC Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in National HealthCare Co. by 2.6%, now holding 189,341 shares valued at approximately $17.57 million.
• National HealthCare recently announced a quarterly dividend of $0.64 per share, with an annualized dividend yield of 2.2%.
• Wall Street analysts have upgraded National HealthCare from a "buy" rating to a "strong-buy" rating, indicating positive growth expectations for the company.

Charles Schwab Investment Management Inc. reduced its holdings in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,341 shares of the company's stock after selling 5,040 shares during the period. Charles Schwab Investment Management Inc. owned about 1.22% of National HealthCare worth $17,571,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NHC. Sterling Capital Management LLC increased its stake in National HealthCare by 809.1% during the 4th quarter. Sterling Capital Management LLC now owns 400 shares of the company's stock worth $43,000 after buying an additional 356 shares during the period. State of Wyoming purchased a new stake in National HealthCare during the 4th quarter worth approximately $93,000. Hohimer Wealth Management LLC increased its stake in National HealthCare by 6.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 2,479 shares of the company's stock worth $230,000 after buying an additional 160 shares during the period. XTX Topco Ltd purchased a new stake in National HealthCare during the 4th quarter worth approximately $286,000. Finally, NewEdge Advisors LLC increased its stake in National HealthCare by 13.9% during the 4th quarter. NewEdge Advisors LLC now owns 3,370 shares of the company's stock worth $362,000 after buying an additional 411 shares during the period. 56.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of National HealthCare from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 12th.

National HealthCare Stock Up 1.1%

Shares of NYSE:NHC traded up $1.20 during trading hours on Thursday, reaching $113.17. The stock had a trading volume of 42,878 shares, compared to its average volume of 58,279. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80. The firm's 50 day moving average is $103.51 and its 200-day moving average is $99.46. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 14.18 and a beta of 0.58. National HealthCare Co. has a 1 year low of $89.14 and a 1 year high of $137.53.

National HealthCare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 30th. National HealthCare's dividend payout ratio (DPR) is 38.15%.

National HealthCare Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.