Community Trust & Investment Co. Boosts Stock Position in UnitedHealth Group Incorporated $UNH

Key Points

• Community Trust & Investment Co. increased its stake in UnitedHealth Group by 4.2%, now owning 61,680 shares valued at approximately $19.24 million.
• UnitedHealth Group reported $4.08 earnings per share for the quarter, which was below analysts' estimates of $4.45, despite a revenue increase of 12.9% year-over-year.
• The company is planning to pay a quarterly dividend of $2.21 per share, representing a dividend yield of 2.6%.

Community Trust & Investment Co. lifted its holdings in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,680 shares of the healthcare conglomerate's stock after purchasing an additional 2,495 shares during the quarter. UnitedHealth Group accounts for approximately 1.1% of Community Trust & Investment Co.'s investment portfolio, making the stock its 29th biggest holding. Community Trust & Investment Co.'s holdings in UnitedHealth Group were worth $19,242,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd increased its holdings in UnitedHealth Group by 685.7% during the first quarter. Bayforest Capital Ltd now owns 55 shares of the healthcare conglomerate's stock worth $29,000 after buying an additional 48 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of UnitedHealth Group by 416.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 62 shares of the healthcare conglomerate's stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. IAG Wealth Partners LLC acquired a new position in shares of UnitedHealth Group in the first quarter valued at $42,000. Copia Wealth Management bought a new stake in shares of UnitedHealth Group in the fourth quarter valued at about $42,000. Finally, O Brien Wealth Partners LLC boosted its position in shares of UnitedHealth Group by 74.0% in the first quarter. O Brien Wealth Partners LLC now owns 87 shares of the healthcare conglomerate's stock valued at $46,000 after acquiring an additional 37 shares during the period. 87.86% of the stock is currently owned by institutional investors and hedge funds.

UnitedHealth Group Stock Performance

Shares of NYSE UNH traded up $1.90 during mid-day trading on Friday, reaching $336.72. 13,528,738 shares of the company's stock were exchanged, compared to its average volume of 13,748,202. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73. The firm has a 50-day moving average price of $295.67 and a two-hundred day moving average price of $364.42. The firm has a market capitalization of $304.96 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 2.20 and a beta of 0.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85.

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

UnitedHealth Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Monday, September 15th will be issued a dividend of $2.21 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $8.84 annualized dividend and a dividend yield of 2.6%. UnitedHealth Group's payout ratio is presently 38.30%.

Analyst Ratings Changes

UNH has been the subject of several recent analyst reports. KeyCorp cut their price objective on shares of UnitedHealth Group from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Wells Fargo & Company dropped their target price on shares of UnitedHealth Group from $306.00 to $267.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Bank of America increased their target price on shares of UnitedHealth Group from $290.00 to $325.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Oppenheimer lowered their price objective on UnitedHealth Group from $400.00 to $325.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Finally, Truist Financial upped their price objective on UnitedHealth Group from $310.00 to $365.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, UnitedHealth Group currently has a consensus rating of "Moderate Buy" and an average target price of $358.95.

About UnitedHealth Group

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.